In this article, we will discuss Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks.

A 25-year-old AI researcher is shaking up Wall Street, going head-to-head with billionaire hedge fund managers and turning his fund into one of the most closely followed new funds in the market. German-born Leopold Aschenbrenner has drawn attention for its extraordinary performance. According to The Wall Street Journal, Aschenbrenner’s Situational Awareness LP has returned about 270% this year through May after fees and more than 1,000% since inception, while assets under management have surged to over $20 billion. Major backers include prominent names such as Jane Street, a rare outside allocation for the elite trading firm.

Aschenbrenner started getting limelight after his widely circulated 2024 essay, “Situational Awareness: The Decade Ahead.” As his stock picks, his argument was prescient:  artificial general intelligence could arrive as soon as 2027, driven by rapid scaling in compute, algorithms and model capabilities. The essay became the intellectual foundation of the fund.

Instead of betting on AI software alone, Aschenbrenner’s portfolio is heavily tilted toward the physical infrastructure behind AI: chips, data centers and energy supply.

Read more on how Aschenbrenner broke the hedge fund world here.

For this article, we scanned the Situational Awareness LP Q1 portfolio and picked some AI stocks that don’t get much attention in the media. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

10. Hive Digital Technologies (NASDAQ:HIVE)

Situational Awareness Stake Value: $6,443,939 (NEW)

Hive Digital Technologies (NASDAQ:HIVE) was founded in 2017 as a renewable energy Bitcoin miner. Bulls are more interested in the company’s AI cloud subsidiary called BUZZ High-Performance Computing, which rents out GPU clusters for AI workloads. BUZZ is an Nvidia Cloud Partner, which gives it access to enterprise sales channels. Current annualized revenue from BUZZ is approximately $20 million, but the trajectory is what bulls are focused on.

In February 2026, BUZZ signed a two-year $30 million contract for 504 B200 GPUs deployed at BUZZ’s Canada West facility, which will increase BUZZ’s ARR by roughly 75%. The contract covers multiple customer agreements rather than a single tenant, suggesting BUZZ is building a diversified client base. BUZZ also partnered with AMC Robotics Corporation in March 2026, an AI-driven robotics company using BUZZ’s facility for development and deployment of new systems, demonstrating that BUZZ can serve customers across verticals including robotics, security, and logistics.

Management has guided $225 million in total HPC annual recurring revenue by the end of 2026.

BUZZ has a strategic partnership with Bell Canada, the country’s largest telecom carrier, as part of Bell’s AI Fabric initiative. This has allowed Hive Digital Technologies (NASDAQ:HIVE) to upgrade its Grand Falls and New Brunswick locations with dedicated 100 Gbps and 400 Gbps optical fiber connections, making it one of the most connected AI compute facilities in Eastern Canada.

The most recent quarterly results showed revenue growth of about 230%. Gross operating margin expanded 14 percentage points year-over-year from 22% to 36%, which analysts described as notable given Bitcoin price volatility during the period.

9. SharonAI Holdings Inc (NASDAQ:SHAZ)

Situational Awareness Stake Value: $18,095,535 (NEW)

SharonAI rents out AI chips. If you need massive computing power to train models but don’t want to spend billions building a data center, you rent from them instead. They work with AI labs, big tech companies, research shops, and industries with strict rules about where their data lives.

The company has a solid edge: it’s one of just three Nvidia Cloud Partners in Australia. That means they get first dibs on Nvidia’s newest chips and can sell directly to enterprise customers without jumping through middlemen.

SharonAI just landed two big deals. First was a $1.25 billion contract with ESDS, an IT services firm in India. They’ll start recognizing revenue in September 2026. They also grabbed a $950 million deal (take-or-pay agreement) with an unnamed tech giant in Asia-Pacific. Money flows in Q3 or Q4 2026.

ESDS made $39.9 million in revenue last year and has $69.5 million in total assets. But the contract requires them to pay roughly $250 million a year for five years, plus put up $140 million in letters of credit. That’s more than their entire balance sheet.

Wall Street analysts are betting the farm on this. About 75% of their revenue forecasts come from this one deal. If ESDS can’t pay or pulls out, the numbers blow up.

8. Power Solutions International (NASDAQ:PSIX)

Situational Awareness Stake Value: $26,318,424

Power Solutions International (NASDAQ:PSIX) is a small-cap industrial company with a market cap of roughly $866 million that makes engines and power systems. It sells these primarily to industrial customers, with oil and gas being its largest end market. Its moat lies in its specialized engine manufacturing expertise and its established relationships with industrial and energy customers. Most of its revenue still comes from the oil and gas sector.

Since 2024, management has been attempting to reorient the business toward data center engines, which carry higher margins. The key facility driving this shift is its Wisconsin plant, which is currently in the middle of a capacity ramp-up. Management has said data center demand remains “solid” and expects sales to accelerate in the second half of 2026 as Wisconsin comes online.

In Q1 2026, net income and gross profit fell and results disappointed Wall Street. Management pointed to three causes: softer demand in oil and gas tied to elevated energy prices from the Middle East conflict, timing of certain power systems shipments that pushed revenue recognition beyond Q1, and elevated production costs from the Wisconsin ramp-up.

Bulls say these headwinds are transient and unlikely to persist. On oil and gas, they argue the Trump administration cannot afford high energy prices heading into midterms and was betting on a deal that would end the Iran war. That deal came recently and oil prices fell sharply. On shipment timing, they describe it as a standard one-time event in industrial businesses. On Wisconsin costs, they see this as the growing pain of building a higher-margin business.

7. Bitdeer Technologies Group (NASDAQ:BTDR)

Situational Awareness Stake Value: $29,751,243

Bitdeer Technologies Group (NASDAQ:BTDR) is a Bitcoin miner founded in 2021 that is now pivoting toward AI cloud services. What makes it stand out from its peers is its vertical integration strategy. Instead of buying mining hardware from third parties, Bitdeer designs and manufactures its own proprietary SEALMINER chips and machines. This gives it control over its supply chain, cost structure, and deployment pace.

However, Bitdeer Technologies Group (NASDAQ:BTDR) has not yet announced a major anchor tenant deal the way peers have. IREN landed a $9.7 billion five-year contract with Microsoft, TeraWulf secured a $3.7 billion 10-year deal with Fluidstack, and Hut 8 signed a $7 billion 15-year Google-backed deal with Fluidstack. The absence of that kind of headline deal is believed to be the primary reason Bitdeer Technologies Group (NASDAQ:BTDR) has lagged peers on price action over the past year.

On the Q1 earnings call, management said the AI cloud customer mix has shifted toward three- to five-year enterprise contracts, which supports a more durable and predictable revenue stream going forward and reduces the risk that high GPU utilization is just a short-term spike.