🚨 WILD: Nvidia is now worth more than 100 Nikes, and it happened on the exact same day.
Nvidia stock hit $237.88 Friday, pushing its market value to roughly $5.7 trillion, the largest of any company in history, first company ever to top $5 trillion, now closing in on $6 trillion.
That same day, Nike shares cratered to $33.80, their lowest level since September 2013, after Q1 revenue missed estimates, dragged down by weakness in Greater China, Europe, and the Middle East. Nike's market cap now sits around $52 billion.
Do the math: that's a gap of roughly $5.65 trillion between the two companies. Nvidia alone is worth more than 100 Nikes stacked together.
The stories couldn't be more opposite. Nvidia's rally is being fueled by a record $150 billion buyback authorization, bringing its total repurchase program to $235 billion, plus a weak September jobs report that cooled expectations for more Fed rate hikes, both landing the same week.
Nike, meanwhile, is down 76% from its 2021 peak of $179, battling inventory backlogs, the fallout of cutting ties with major retail partners, and years of disappointing guidance that just keeps getting worse.
One company built the infrastructure for the AI boom. The other got caught on the wrong side of changing consumer habits and its own strategic missteps. Same Friday, two completely different Americas.
#Nvidia #Nike #StockMarket #AI #Markets
Nvidia stock hit $237.88 Friday, pushing its market value to roughly $5.7 trillion, the largest of any company in history, first company ever to top $5 trillion, now closing in on $6 trillion.
That same day, Nike shares cratered to $33.80, their lowest level since September 2013, after Q1 revenue missed estimates, dragged down by weakness in Greater China, Europe, and the Middle East. Nike's market cap now sits around $52 billion.
Do the math: that's a gap of roughly $5.65 trillion between the two companies. Nvidia alone is worth more than 100 Nikes stacked together.
The stories couldn't be more opposite. Nvidia's rally is being fueled by a record $150 billion buyback authorization, bringing its total repurchase program to $235 billion, plus a weak September jobs report that cooled expectations for more Fed rate hikes, both landing the same week.
Nike, meanwhile, is down 76% from its 2021 peak of $179, battling inventory backlogs, the fallout of cutting ties with major retail partners, and years of disappointing guidance that just keeps getting worse.
One company built the infrastructure for the AI boom. The other got caught on the wrong side of changing consumer habits and its own strategic missteps. Same Friday, two completely different Americas.
#Nvidia #Nike #StockMarket #AI #Markets
