Jim Cramer said Thursday that the liquidation of Situational Awareness, the roughly $20 billion AI-focused fund founded by Leopold Aschenbrenner, could be read as bullish rather than bearish. “I have always believed that when you clear out the people who have to sell, like this gentleman, you get a bottom,” Cramer said on CNBC’s “Squawk on the Street.” Cramer went further, arguing Situational Awareness is unlikely to be an isolated case: “This is a clearing event… because he’s not the only one. There are so many people margined in these same stocks,” he said.
BE stock is soaring. See the chart and price action here.
