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Situational Awareness in Talks With Broker Clear Street

Situational Awareness has begun building relationships with new prime brokers, most recently starting work with specialist brokerage Clear Street, people familiar with the matter said. The firm is rebuilding large trading positions in technology stocks including AMD, Intel, SK Hynix and SanDisk, as well as AI startups such as CoreWeave.

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AI take

The notable detail is the pairing: a firm rebuilding concentrated positions in both listed tech names and private AI startups is simultaneously lining up specialist brokerage coverage, suggesting the trading footprint is being scaled rather than wound down. Clear Street's involvement points to where execution and financing demand is migrating as AI-linked exposure spans public equities and pre-IPO names. Whether the firm broadens its prime broker roster further, and how those dual public-private positions are financed, is the open question.

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