Key points
- SharonAI (SHAZ) has moved hard since our last look. It fell to $67.91 in the broader chip selloff, jumped nearly 18% on unconfirmed Anthropic Australia speculation, then dropped about 13% again today.
- Leopold Aschenbrenner's Situational Awareness fund shows up in a new filing this week too, as one of three cornerstone investors in SK Hynix's record $28 billion Nasdaq debut.
- The fund's Q1 13F also disclosed a roughly $2 billion options bet against the SMH semiconductor ETF, its single largest position, a bet that pays off if chip stocks fall, the same pattern we flagged in May.
- Nothing here confirms the SharonAI price moves and the SK Hynix filing are connected. They are two separate, factual updates on the same fund.
One of the small pleasures of tracking fund filings is watching what happens after the disclosure hits. We first wrote about Leopold Aschenbrenner's stake in SharonAI Holdings (SHAZ) on June 30, when a 13G showed his fund had taken it to 19.9 percent of the company. The stock has not sat still since. Here is what the price actually did, and a second, separate filing worth knowing about.
The price moves since our last look
SHAZ closed at $84.66 on June 30, the day our piece published. From there it fell two straight sessions, down to $79.11 on July 1 and $67.91 on July 2. That is a drop of about 20 percent in three trading days. Nothing SharonAI-specific caused that. It got caught in the broader memory and chip selloff that hit the whole sector that week.
| Date | Close | Change |
|---|---|---|
| Mon, Jun 30 | $84.66 | n/a |
| Wed, Jul 1 | $79.11 | -6.6% |
| Thu, Jul 2 | $67.91 | -14.2% |
| Mon, Jul 6 | $79.96 | +17.7% |
| Tue, Jul 7 (midafternoon) | ~$69.54 | -13.0% |
The jump on July 6 had a specific trigger. Australian media reported that Anthropic is weighing a $15 billion data center buildout in Australia. That is the same country where SharonAI already operates as one of Nvidia's three local cloud partners. Nothing about that plan is finalized. There is no signed deal, no named site, and no confirmed role for SharonAI in it. Traders bought the stock anyway, on the theory that Aschenbrenner's existing 19.9 percent stake would benefit if Anthropic picks a partner in the region SharonAI already operates in.
Today's decline does not have a SharonAI-specific explanation either. It is trading down alongside a broader decline in AI infrastructure and memory names this week, the same pressure that hit Samsung and Micron.
Only about 12.6 million SharonAI shares trade freely, the same number we cited in June. That is still a small number, and it is a big reason a stock this size can move by double digits without much buying or selling behind it.
A second filing: Situational Awareness anchors SK Hynix
Separately from anything happening at SharonAI, Aschenbrenner's fund turned up this week in a different kind of disclosure. SK Hynix is raising about $28 billion through a Nasdaq listing. Situational Awareness signed on as one of three cornerstone investors, alongside Baillie Gifford and Coatue, for up to $7 billion combined. A cornerstone investor is simply a large investor who commits to buy a set amount of an offering before it prices, which gives underwriters confidence the deal will sell.
What makes this filing worth tracking is what sits right next to it. The same fund's most recent 13F showed its single largest disclosed position was an options bet worth roughly $2 billion against the SMH semiconductor ETF, which tracks the broader chip sector. That kind of bet pays off if the ETF falls. The fund holds similar bets against Nvidia, Broadcom, AMD, and Micron individually. A 13F shows what a fund holds, not which way it expects those bets to pay off, so we are not calling this a confirmed bet against the sector. What it does show is a fund making a large, public commitment to one chipmaker's US debut while also holding a position that would gain if that same sector drops. That is the same pattern we have seen before: big bets on companies like SharonAI and IREN on one side, bets against chip stocks on the other. SK Hynix just adds a new data point to it.
What to watch
For SharonAI, the things that would move the story from here have not changed since June: progress on the ESDS and Asia-Pacific contracts, how fast the Nvidia GPUs actually get deployed in Australia, and whether Situational Awareness's next filing shows the fund buying more or selling part of its stake. For the SK Hynix stake, the next marker is July 9, when pricing is set, and whatever the fund's following 13F shows about how much of that $7 billion commitment it actually used. Follow both on our Situational Awareness fund page. None of this is investment advice. It is a record of what a notable investor has disclosed and what the stocks involved have actually done.
Sources
- Our earlier coverage, What is SharonAI (SHAZ)?
- Our earlier coverage, Anthropic's $15 billion Australia data center plan
- Our earlier coverage, SK Hynix's $28 billion Nasdaq debut lands a cornerstone bet
- Price data via Robinhood market data
This reflects public filings and price data, not investment advice. Jennifer Song does not hold positions in the securities discussed. Prices are as of midafternoon July 7, 2026 and will move. Always do your own research and consider speaking with a licensed financial professional before making any investment decision.
