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While Big Tech stocks have led the market rally on the back of surging artificial intelligence (AI) adoption, recent data – including a tamer-than-expected consumer price index (CPI) report for June – sparked renewed buying interest in parts of the market that were previously underappreciated. Small-cap stocks, in particular, have captured newfound investor interest, as investors look to broaden out from the once-dominant Big Tech stocks. Tom Lee, head of research at Fundstrat, is bullish on small caps, with the analyst forecasting a sustained rally totaling almost 50% in 2024. Among the vario…

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