Nike ($NKE), the undisputed king of sportswear 👑, is in a terrifying free fall 📉.
The stock has crashed 40% in just 80 days and just scraped a 12-year low — all while the S&P 500 is hitting record highs 📈.
China sales? Down 20% this quarter.
Tariffs? Crushing them with a $1.5 billion hit this year alone.
Net income? Already plunged 32% last quarter.
Management keeps hyping a "turnaround" — but now it's pushed to 2027 at the earliest ⏳.
Meanwhile, Allbirds — a shoe company that was literally days from shutting down 🧵🚫 — ditched footwear, rebranded as an "AI company" 🤖, and exploded +430% in a single day.
Think about that:
👉 One brand makes the most iconic sneakers on Earth.
👉 The other sold its entire shoe business for just $39 million… to buy GPUs.
The market doesn't care about brand legacy right now.
It only cares about AI. 🧠💥
#MarketMadness #AIOverEverything #NikeCrash
