Motivation
\begin{align} 4^{1/2} &= \begin{cases} \left(2^2\right)^{1/2}\\ \left(\left(-2\right)^2\right)^{1/2} \end{cases} \\ &= \begin{cases} 2\\ -2 \end{cases} \end{align}
And $\sqrt{4}=2$ (by definition)
Question
Can I conclude that $\sqrt{x}$ is the magnitude of $x^{1/2}$ for $x\geq 0$?
The rule that you used $x^{ab}=(x^a)^b$ is true only when $x \ge 0$ you can't use it when $x=-2$, and as Kavi Rama Murthy said $\sqrt x=x^{1/2} \ge 0$