AI-battered hedge fund Situational Awareness made a big bet this week in Source Foundry, a private company aiming to reinvent the way chips are manufactured, according to people familiar with the matter. The company has invested $500 million in the startup, including a fresh $400 million infusion this week, one of the people said.

Situational Awareness, run by 24-year-old Leopold Aschenbrenner, developed a strategy of backing early-stage startups before they have a product or revenue, as well as publicly-traded stocks, an uncommon approach that spans nearly every stage of a company’s lifecycle. Aschenbrenner managed a large portfolio of publicly traded stocks, such as memory-chip makers SK Hynix and Sandisk, AI cloud computing provider Nebius Group and fuel-cell maker Bloom Energy, but sold the bulk of its stock portfolio to Ken Griffin’s investment firm Citadel in July after incurring substantial losses.

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Foreign Portfolio Investors (FPIs) maintained their buying spree in Indian equities, investing Rs 12,921 crore in the first week of August, driven by improving macroeconomic conditions, expectations of US rate cuts, lower crude oil prices and a stable rupee.

The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling.

FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 lakh crore in March. Prior to this selling streak, they had invested Rs 22,615 crore in February, according to CDSL data.

Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing Rs 2.41 lakh crore so far, already exceeding the Rs 1.66 lakh crore outflow recorded during the entire 2025.

Market experts said the recent inflows reflect improving investor sentiment, supported by expectations of US rate cuts, softer crude prices and a stable rupee.

The RBI’s improved growth and inflation outlook has further strengthened confidence, while relatively low foreign ownership of Indian equities leaves room for fresh allocations, said Vedant Gupte, Co-Founder and CEO of investment platform Trackk.
Importantly, a large share of the recent buying has come through the secondary market, signalling stronger interest in listed Indian companies rather than merely IPO allocations, Gupte added.”The sustained buying by both FIIs and DIIs was largely driven by the de-escalation of geopolitical tensions, which helped strengthen investor confidence and supported positive market sentiment,” said Pabitro Mukherjee, Deputy Vice President-Research, Bajaj Broking.

V K Vijayakumar, Chief Investment Strategist at Geojit Investments, said an important trend in FPI buying is their preference for sectors such as automobiles, consumer durables and healthcare.

Foreign investor interest has also extended to the debt market, which continued to attract inflows. FPIs invested Rs 622 crore in debt through the general route during the period under review.

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