Wall Street’s week was a rollercoaster, highlighted by the $20bn rise and subsequent $67 per cent plunge of AI‑focused hedge fund Situational Awareness. Run by 24‑year‑old Leopold Aschenbrenner, the firm leveraged debt in a bullish AI market that crumbled as Bloom Energy and Sandisk fell sharply. Citadel swooped on the fund’s public holdings, stabilising markets after a $3tn semiconductor rout.

In football, FIFA’s president Gianni Infantino announced plans to spin off a commercial entity, selling a stake to private investors. The proposal promised billions for global development but sparked backlash from UEFA, UK Prime Minister Andy Burnham and a resigning FIFA adviser. Infantino’s “fight to the death” stance softened as divisions grew.

Other headlines included Amazon’s $50bn OpenAI investment, KKR’s $4bn Integer Holdings bid, and NXP’s $3bn-plus camera‑chip deal. Amazon also pledged $220bn to AI infrastructure this year.

The week underscored how AI hype, debt leverage and high‑profile deals can trigger swift market swings and stakeholder outrage.