Brad Gerstner’s hedge fund bought positions in semiconductor and AI-linked firms during Q2, signaling confidence despite recent volatility.
Altimeter Capital, led by tech investor Brad Gerstner, disclosed Q2 holdings in SpaceX, Micron, and AI chipmaker Cerebras, according to regulatory filings. The moves reflect a bet on long-term growth in semiconductors and artificial intelligence despite near-term market turbulence.
Cerebras, an OpenAI partner valued at $52 billion, saw its valuation dip 13% recently, while Micron and SpaceX attracted attention from other hedge funds last quarter. The filings come as markets brace for potential September volatility, with investors monitoring correction risks.
The positions underscore Gerstner’s continued optimism in AI-driven tech, though the fund’s allocations to SpaceX and others remain relatively small. Analysts view the buys as a signal of sector resilience amid broader economic uncertainty.