Institutional investors are retreating from growth stocks. Individual investors keep buying in.
Conventional Wall Street wisdom says inflation is bad for growth and technology stocks. Many small investors don’t care.
Individual investors continue to stampede into shares of growth companies, the types of buzzy stocks that have enjoyed explosive price gains this year. Advanced Micro Devices Inc., Nvidia Corp. and Apple Inc. are the three stocks most purchased this month by individual investors, according to VandaTrack, a Vanda Research flow tracker that measures net purchases.
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