as mentioned by Steve10Investors instead have begun rotating...

as mentioned by Steve10

Investors instead have begun rotating back into old-school growth stocks.

Thursday saw new highs in Cisco, Alphabet and IBM. But perhaps more importantly, formerly deeply out-of-favor speculative growth stocks, many of them associated with Cathie Wood's ARK funds, have begun to rebound.

https://www.cnbc.com/2021/06/11/the-great-value-rotation-in-the-stock-market-could-be-over-already-as-investors-embrace-tech-again.html