Trader Shifts Focus from AMD to Intel Following Semiconductor Sector Decline

On February 5, a prominent trader adjusted their portfolio in response to a significant drop in AMD's stock price. According to BlockBeats, the trader, known for handling large transactions, closed their long position in xyz:AMD, an AMD mapping contract, after the semiconductor company's shares fell by 17.3% at the close of trading. The trader had previously held 10,000 shares, valued at approximately $2.1 million, resulting in a loss of around $130,000. Following this move, the trader opened a long position in xyz:INTC, an Intel mapping contract, within the same sector. The current position consists of 48,780 shares, valued at approximately $2.38 million, with an average price of $48.33 per share. This new position has yielded a small profit of about $24,000. The trader is known for their focus on U.S. stocks and on-chain precious metals. They have previously been the largest long holder of on-chain gold and have made significant investments in the Nasdaq and copper prices, with a portfolio size reaching $40 million.