


In his latest broadcast, renowned investor Jim Cramer commented on the sportswear brand NIKE, Inc. (NYSE:NKE). NIKE is undergoing a transformation process alongside Gap. However, Cramer is more excited about the company's CEO Elliott Hill. Cramer noted that Hill has a deep understanding of the sportswear industry and his athletic passion could yield positive results for NIKE.
Cramer emphasized that the transformation process is challenging, stating that those who do not hold shares may regret it in the future. "If Elliott Hill creates opportunities for NIKE, it will have a significant outcome. The NIKE, Inc. stock is part of my charity's portfolio; I am currently down four dollars, but I do not make a big deal out of it," Cramer said.
While we acknowledge the potential of NKE as an investment, we believe that some artificial intelligence (AI) stocks provide greater hope for higher returns and limited downside risk. If you're looking for an extremely cheap AI stock benefiting from tariffs and domestic production by Trump, we recommend checking our report featuring the best short-term AI stocks.
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