That being said, domain knowledge is still very important but you just don't need nearly as much tribal knowledge (because RAG or a tuned LLM can wrangle the chaos of your company documentation) or broad technical knowledge (because if you understand stats and PCA congratulations, when the coding agent recommends probabilistic PCA you now get to learn what it is, why its good for your use case (maybe), and get the gist fairly quickly; you no longer need to know about it in the first place. That was the return on investment for breadth of technical knowledge: knowing what to even look into).
I won't say "the field has moved towards a bigger focus on fundamentals" though -- this is all just one internet person's opinion. No one is telling me this is happening I'm just realizing that these are the muscles I am flexing more nowadays and my deep breadth of technical knowledge muscles are not flexing as much any more. Like: you are now inundated with recommendations of various methods from a coding agent: you need to understand them quickly; fundamentals gives you that. At least I think so, but of course, maybe I'm wrong about this due to misunderstanding the actual skills involved in what I'm doing now.