Nike Stock Slides on Weak Outlook, OpenAI Raises $122 Billion

The Rundown · Apr 1, 2026 · 9m

Market update for Wednesday April 1, 2026

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In today’s episode:

Nike stock slides after the company warns turnaround will take longer than expected

OpenAI closes $122 billion fundraising round and hits $852 billion valuation

nCino soars after crushing earnings, raising guidance, and showing strong momentum in its AI tools

RH gets hammered after tariffs, weak demand, and a gloomy outlook hit the luxury furniture…