A big Swiss bank made a call in chip stocks, and loaded up on media and entertainment shares.
Julius Baer of Zurich bought up
Intel
(ticker: INTC), Walt
Disney
(DIS), and
AT&T
(T) stock, and sold the vast majority of its investment in
Advanced Micro Devices
(AMD) in the fourth quarter. The private bank disclosed the stock trades in a form it filed with the Securities and Exchange Commission.
Source: https://www.barrons.com/articles/intel-stock-amd-disney-att-51674843188?siteid=yhoof2&yptr=yahoo