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Looking at the market, sometimes I feel 2nd option would be better for me because following 1st strategy might leave me unemployed 💀.
PLEASE HELP !! THANK YOU !!
Even in the worst case scenario, references from T1 firms would help your CV far more than some random T3 firms.
I interned with SAM last month and worked my ass off. (ONLINE). I was given a lot of work and I aced it, evident fron my feedback. However i was denied a callback or extension after calling the HR. I feel really depressed right now knowing it has all gone to water.
With respect to situation you described, a common scenario I've noticed people is that the associates/team on the face of it "like" some interns' work enough to wish them well and not say anything bad about their work, but it's not standout enough for them to recommend the person for a PPO. If this has happened with you, I would suggest reaching out to the people you've directly worked with and inviting suggestions on your work. More importantly, consider self-evaluating your performance and work ethic as well.
For future references, you should also remember that at most firms (with the exception of KCo because of its massive teams), your teams' PAs and Partners are the crucial people whose recommendation would matter. So, either you should have reached out to them for work organically, or gotten recommendations through multiple associates for them to feel that you merit their time and efforts in teaching and testing you.
This way, in the worst scenario, you'll at least walk out of the internship with a valuable reference on your CV.
Accordingly, if you did any of this and genuinely feel that you "aced" it, then you should promptly reach out to them and enquire if they'd be willing to refer you to another team at another firm. If you don't receive a response, then like I said, you may need to introspect on your performance and work ethic better — which is alright, it's a journey and you'll get there. All the best!
Hate to put it harshly but in all probability, your actual feedback was simply not as good as you thought it was. It's time to let go of the "I aced it" assumption and learn to actually identify your mistakes and get better.