Another week of earnings to look forward to.
AI industries: CRWV, SMCI, NBIS, AMAT
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CNBC's David Faber: Leopold Aschenbrenner's Situational Awareness hedge fund has returned to buying and bought call options "hundreds of millions of dollars worth of premium" late last week and early this week. AMD, BE, CRWV, SK Hynix, SNDK. "Call option buying of some significance" "Leo is back!"
AI stocks just pulled a VIOLENT 24-hour snapback.
Across 13 AI-exposed names, median returns flipped from -9.6% yesterday to +16.6% today.
IREN: -13.6% / +28.0%
NBIS: -12.7% / +27.3%
CRWV: -9.6% / +24.0%
The stocks are pricing venture-like volatility.