The stock market rebounded heading into Thanksgiving as Alphabet’s upgraded Gemini 3 AI model sparked enthusiasm, leading to a 2.6% jump in the Nasdaq index. Shopify shares remain volatile, with today’s move indicating significant news without changing perceptions. New York Fed president’s comments on a possible December interest rate cut boosted market sentiment, with Shopify up 44.5% this year. Lower interest rates benefit growth-oriented sectors like software, providing a lift amid concerns over high valuations in AI. Investors eyeing under-the-radar growth stories may find potential in the profitable AI semiconductor play highlighted in the article.

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