Insider buying at Nike (NKE). The athletic shoe and apparel maker is up 4% after the CEO and a director, Elliot Hill and Tim Cook scoop up shares following post-earnings selloff. The CEO Elliot Hill purchased 16,388 shares of common stock, reinforcing investor focus on insider conviction. The buy follows December 24 disclosures that Apple CEO and NKE Director Tim Cook acquired 50,000 shares. A second director bought 8,691 shares, together representing a meaningful vote of confidence in the struggling athletic footwear and athleticwear giant.
2025 is about Nvidia (NVDA) and AI. Nvidia is modestly higher today to end the year. Reuters is reporting that Nvidia has approached TSMC to increase production of their H200 chips as demand remains strong. Chinese firm, ByteDance wants to spend $16 billion in Nvidia chips in 2026. AI demand remains strong.
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