Money.com: This week, the S&P 500‘s tech sector has fallen by -5.20%, with some of the biggest losers being market darlings Nvidia (-8.18%), Amazon (-5.20%) and Alphabet (-3.03%). But the fact that shareholders are liquidating their positions in Big Tech doesn’t mean the stock market overall is in bad shape.

Rather, what we’re seeing is a dramatic shift in sector rotation and the rise of small-cap companies, demonstrating a more broad-based bull market that isn’t solely reliant on optimism around AI.