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Today's Summary

Goldman Sachs has cautiously touted that ‘we are not in a bubble… yet,’ and the reason for this is that companies like Alphabet (Googles parent company), Nvidia and Microsoft – all of which are at the core of the AI boom – are making hundreds of billions. China is four times the size of the U.S. and has the worlds biggest economy. Despite its lagging living standards, an increasing number of people now see China as the worlds most advanced nation. China controls 94% of permanent magnet production and 90% of rare earth refining.