There's a rotation within the tech sector as FANG sells off — Here's how to play it

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The big market rotation into value and out of growth is getting all the attention on Wall Street this week, but there's also a shift within the tech sector that investors can take advantage of, strategists said.

While the FAANG block slipped from their early September highs and stay-at-home bets fell out of favor, some names in the information technology group are breaking out to new highs, including chip makers, fintech stocks as well as data service companies.