Nike rises after CEO Elliott Hill purchases $1 million in company stock

Nike is sprinting to the finish line in 2025, up more than 2% in premarket trading after a filing after the close on Tuesday showed that CEO Elliott Hill purchased a little over $1 million in company stock on December 29.

The news comes on the heels of last week’s revelation that Apple CEO and board member Tim Cook bought nearly $3 million in Nike stock.

Hill returned to the company to replace former CEO John Donahoe in October 2024. This is Hill’s only open market purchase of Nike stock during his tenure atop the company.

Shares of the sports apparel maker are still down about 17% year to date.

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Luke Kawa19m

Trump Media jumps after announcing plans to distribute digital tokens to shareholders

Trump Media & Technology Group is jumping in premarket trading after the owner of Truth Social announced plans to distribute a digital token to shareholders in partnership with Crypto.com (which is also its partner in the event contracts space).

Shareholders will receive one token per share owned, according to the press release, which can give the holder access to “various rewards” that “may include benefits or discounts tied to Trump Media products.”

This move is a little closer to home for Trump Media, which has effectively been a digital asset treasury, compared to its recent merger with fusion energy company TAE Technologies, which will radically transform the entity.

Luke Kawa1h

Nvidia, TSMC rise as the world’s most valuable company reportedly asks for more chips to meet Chinese demand

Nvidia and TSMC are modestly higher in premarket trading Wednesday after Reuters reported that the chip designer asked the Taiwanese chip manufacturing giant to boost production of its H200 AI chips.

Earlier this month, US President Donald Trump said that Nvidia would be able to ship the best-performing processors from its Hopper generation to China, with 25% of the proceeds going to the US government. Per the report, Chinese companies have already placed orders for more than 2 million of these chips in 2026, roughly triple the 700,000 in inventory that Nvidia has in reserve. Reuters added that Nvidia is planning on selling these chips at around $27,000 apiece, which would amount to a more than $54 billion boost in revenues if it’s able to realize all this reported demand. The ability to do so will also depend on Chinese regulators green-lighting purchases. The chip designer’s success in 2025 has come despite being effectively shut out of the Chinese AI market for the year.

The outlet previously reported that Nvidia plans to begin sending these GPUs to China before the Lunar New Year holiday (which starts on February 17, 2026), and that Chinese companies are eagerly awaiting the opportunity to get their hands on these powerful chips.

During Nvidia’s Q3 conference call, which came prior to the Trump announcement, CEO Jensen Huang expressed confidence in his ability to meet demand for the company’s GPUs going forward, saying, “In many cases, we’ve secured a lot of supply for ourselves, because obviously, they’re working with the largest company in the world in doing so.”

Huang’s relationship with critical supply chain partner TSMC appears to benefit from a personal touch: during his November visit to Taiwan, he met with the chipmaker’s CEO, CC Wei, as well as other execs over hot pot, and called TSMC “the pride of the world” the next day.

Tasha Matsumoto

17h

Stocks dip for third consecutive day as Santa Claus rally stalls

Traders digested the minutes from the Fed’s December meeting.

SYDNEY, AUSTRALIA - DECEMBER 20: A Kodiak bear receives a Christmas treat at Taronga Zoo on December 20, 2007 in Sydney, Australia.

541%

Matt Phillips22h

A 541% gain for Japanese chipmaker Kioxia makes it the “world’s best performing stock” this year.

That’s according to Bloomberg, which said Kioxia is the top performer in the MSCI World Index, a widely used benchmark for large and midcap stocks in developed markets.

Like domestic highfliers Micron and Sandisk, Kioxia specializes in making NAND flash memory chips, which are crucial to long-term permanent storage of digital data.

Massive amounts of storage are needed for the repositories of images, videos, and text files, to name a few formats, which AI uses to generate responses for users. As a result, the AI investment boom has sent prices for NAND flash up sharply, along with the stock prices of companies that make it.

Luke Kawa24h

Opendoor has erased all the gains made since September leadership changes as enthusiasm premium fizzles

If you bought Opendoor Technologies when the online real estate company revealed that Shopify COO Kaz Nejatian was coming in to serve as CEO, with cofounders Keith Rabois and Eric Wu joining the board of directors, you are underwater on that purchase.

Shares closed at $5.83 on Monday, below where they ended on September 10 ($5.86) before these management changes were announced after the close. That revelation sparked the biggest one-day gain in Opendoor’s history, with the stock up nearly 80% the next session to hit its highest level since 2022.

Of course, it’s still early days. These new leaders haven’t even reported results for a full quarter in which they’ve been at the helm.

But in looking at the factors that buoyed Opendoor the stock, it seems clear that the enthusiasm (and speculative appetite) that was omnipresent from mid-July through September has petered out. While some of this may be a function of the typically slowed holiday season, trading volumes have dipped to an average of about 62 million over the past 21 sessions, a level not seen since May. Similarly, over the past 21 sessions, call volumes are running at their lowest level since July.

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