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OverviewAPI
Google's launch of AI model Gemini competes with OpenAI, Microsoft, and Meta offerings, leading to a 5% increase in Alphabet's shares. Nasdaq Composite closed higher, driven by tech-driven rally. AMD's stock surges 9.9% after launching new AI chips. Lululemon misses analysts' estimates, leading to a tepid fourth-quarter outlook. Global markets experience a rally as technology giants intensify their AI arms race.

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