One of Leopold Aschenbrenner's biggest bets needs help
He owns 19.9% of SharonAI $SHAZ, an Australian AI cloud company
$SHAZ is now down 34% from his price
Here's why Leopold could still be bullish:
• $8.8B in signed contracts, including a $1.32B deal with an unnamed AI lab
• Wall Street has an average price target of $109.50
• $1.9B in cash at the end of June
• Its $430M Q2 loss was almost all one non-cash accounting charge
It was one of the biggest losers in his fund before Citadel bought his public book, but his next 13F filing comes out Nov 16