Following the lead of institutional investors and hedge funds is a great idea for individual investors.
These entities often have a lot more information than the average investor does, and by following their example, investors can find great investment ideas that lead to huge returns
Two stocks that smart investors have been loading up on are Micron Technology (NASDAQ: MU) and Nebius Group (NASDAQ: NBIS). Both of these companies are growing rapidly and are backed by some industry titans. Micron Technology Micron has been a popular AI investment over the past year, with the stock rising a jaw-dropping 815%.
One investor who has captured a lot of that rise is billionaire David Tepper, who runs Appaloosa Management. Micron is the fund’s second-largest holding, and it even added some more shares during the first quarter because it was so bullish on the stock. This makes a ton of sense, as Micron is thriving from the memory chip shortage.