OpenAI - OpenAI is attempting to raise $100 billion at a valuation of $830 billion, which is a significant increase from a previous valuation of $500 billion just weeks prior [2][4] - The debate around OpenAI's valuation reflects broader discussions about AI spending and the volatility in the shares of data center infrastructure providers like Oracle and CoreWeave, which have seen mixed performance this year [3] NIKE, Inc. - NIKE, Inc. reported $12.43 billion in revenue and $0.53 in earnings, surpassing analyst estimates of $12.22 billion and $0.38, but faced a 17% drop in Chinese revenue leading to a post-earnings share price decline [9][10] - Analysts have cut their price targets for NIKE, with UBS reducing it to $62 from $71, citing the need for the company to adjust its inventory and concerns about performance in China [10] - Cramer remains optimistic about NIKE's turnaround under CEO Elliott Hill, emphasizing the need to focus on the brand's core identity as a sports brand rather than a lifestyle brand [11][12][13] FedEx Corporation - FedEx Corporation reported $23.5 billion in revenue and $4.82 in earnings per share, exceeding analyst expectations of $22.8 billion and $4.12, leading to a positive outlook from analysts [9][14] - BMO Capital raised FedEx's share price target to $290 from $265 following the earnings report, reflecting confidence in the company's business-to-business strategy [14] - Cramer highlighted the importance of the business-to-business segment for FedEx, indicating that it is a more stable revenue source compared to business-to-consumer [14]
10 Stocks on Jim Cramer’s Radar