Topic
AI Investing
Leopold Blows Up, OpenAI Drastically Cuts Prices, Microsoft’s Best Day
Leopold Aschenbrenner’s AI-focused hedge fund reportedly unwound much of its public stock book after a brutal leveraged drawdown, sparking debate over whether effective-altruist style conviction trading is too risky. The rest of the episode covers OpenAI’s sharp price cuts, Nvidia’s investment in Safe Superintelligence, and how Microsoft, Amazon, Google, Meta, and Apple are being reshaped by the AI capex cycle.
![Artwork for Alex Sacerdote - How to Invest Through Technology Cycles - [Invest Like the Best, EP.477]](https://megaphone.imgix.net/podcasts/638034f8-63bb-11f1-8c95-6396d39926c0/image/bf350c0e87fc4d280ef1c0572526d26d.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress)
Alex Sacerdote - How to Invest Through Technology Cycles - [Invest Like the Best, EP.477]
Alex Sacerdote argues that AI is creating a new technology stack, with Anthropic emerging as his highest-conviction private investment because leading models, enterprise distribution, and coding use cases are starting to compound. He also lays out Whale Rock’s broader S-curve framework for investing in tech, then applies it to AI infrastructure, software disruption, and how his firm uses AI in research.