WS #13162
Amazon jumped 15.3% on record cloud growth and tripled profits, while Apple fell 7.35% on weak guidance due to memory chip shortages and Meta fell 9% on soft guidance, highlighting divergent AI capex outcomes. Situational Awareness hedge fund, with $20B+ AUM and 400% H1 returns, was forced to sell bulk of public holdings to Ken Griffin after AI stock rout, underscoring AI trade volatility.
MAG7 divergence: Amazon surges, Apple and Meta slump
Amazon jumped 15.3% on record cloud growth and tripled profits, while Apple fell 7.35% on weak guidance due to memory chip shortages and Meta fell 9% on soft guidance, highlighting divergent AI capex outcomes.
Situational Awareness hedge fund, with $20B+ AUM and 400% H1 returns, was forced to sell bulk of public holdings to Ken Griffin after AI stock rout, underscoring AI trade volatility.