Robert Arnott discusses the sell-off in Nvidia (NVDA) and argues that while the AI revolution is real, parts of the stock market have become overpriced. He sees opportunities to take profits from large-cap growth and diversify into cheaper areas including small-cap value, emerging markets, energy, financials and pharma. Robert discusses some of those opportunities in Cheniere Energy (LNG), JPMorgan Chase (JPM), Merck (MRK) and Alphabet (GOOGL).