On February 13, a prominent trader has shifted their investment focus to U.S. technology stocks after closing significant positions in the Nasdaq index and copper, valued at $40 million. According to BlockBeats, the trader's current holdings amount to approximately $23.5 million, primarily concentrated in sectors related to storage and artificial intelligence.
The trader's positions include a $9.31 million investment in Micron Technology (MU) with an average price of $379.993, yielding a profit of around $830,000. Additionally, they hold a $5.36 million position in NVIDIA (NVDA) at an average price of $192.858, currently incurring a loss of approximately $140,000. Their investment in Alphabet (GOOGL) stands at $4.63 million with an average price of $312.51, resulting in a loss of about $50,000. Lastly, the trader has a $3.19 million stake in SanDisk (SNDK) at an average price of $592.31, generating a profit of approximately $230,000.
Previously, the trader was known for their significant investments in U.S. stocks and on-chain precious metals, notably being the largest long position holder in on-chain gold. They had heavily invested in the Nasdaq index and copper prices with a $40 million stake before transitioning their focus to the technology sector.