{
  "id": 2342182,
  "title": "Forced Out of $5.6B in Sandisk, Leopold’s Bull Case Is Still Alive. Here’s How You Should Play It.",
  "url": "https://urgent.news/2026/08/19/forced-out-of-5-6b-in-sandisk-leopolds-bull-case-is-still-alive-heres",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T21:37:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/forced-5-6b-sandisk-leopold-213700459.html"
  },
  "original_language": "en",
  "account": "Situational Awareness, an AI-focused hedge fund led by former OpenAI researcher Leopold Aschenbrenner, has a large stake in Sandisk, holding over $5.6 billion in the company's stock. This position grew significantly during the second quarter. After an AI-based selloff in July, Situational Awareness had to offload some of its holdings to Ken Griffin's Citadel. This selling caused a sharp drop in Sandisk's stock price, but it does not indicate any fundamental issues with the company. In fact, Sandisk recently posted its best quarter in history, with revenue up 372% year-over-year and record gross margins. The company recently delivered a strong Investor Day presentation, outlining a long-term growth model and securing multiyear contracts with eight customers. Sandisk's stock has surged 17% in the past five days, and JPMorgan has upgraded the stock to an Overweight rating with a price target of $2,250. Despite the concerns about the cyclical nature of the memory business, Sandisk's forward P/E ratio is an unusually low 8.5 times, and its forward P/S ratio is 13 times. The company's balance sheet is also strong, with $4.76 billion in cash and zero debt.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}