An Ex-OpenAI Researcher With $20 Billion Just Built a Neocloud Trifecta: Here Are the 3 Stocks He's Buying.

Leopold Aschenbrenner's Situational Awareness hedge fund, which has returned over 1,000% since September 2024 and manages $20 billion, is investing heavily in three neocloud companies: Nebius, CoreWeave, and IREN. These specialized AI infrastructure providers are positioned to benefit from the neocloud market's projected 58% CAGR growth through 2031, as they offer faster and cheaper AI processing than traditional hyperscalers. Despite explosive growth potential, all three trade at surprisingly low valuations relative to next year's sales.