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Jim Cramer on NIKE: “It’s Been One of My Bigger Mistakes”

NIKE, Inc. (NYSE:NKE) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. A caller asked whether it was time to buy the stock and posited that “all the bad news is already baked in.” Cramer replied:

No, okay, look, I own Nike for my Charitable Trust. It’s been one of my bigger mistakes. I always talk about my mistakes because otherwise, you can’t learn. I got too bullish. I felt that there could be a turn because the company was so poorly run previously, and that I think that Elliott Hill’s doing a good job. But it’s, the turnaround’s not happening fast enough. And no, down 32%, but I don’t think we’re done yet. I don’t, I’m not, let’s put it this way, I’m not seeing any signs. When we get some signs, then we will make a decision. Right now, I’m just saying I made a mistake, Nike.

Photo by AlphaTradeZone

NIKE, Inc. (NYSE:NKE) is an athletic and casual footwear, apparel, equipment, and accessories company that sells its products under brands, including Nike, Jordan, and Converse.

While we acknowledge the risk and potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NKE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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