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Nike Slides on Job Cuts; Broadcom Gathers AI Chip Funding | Stock Movers

On this episode of Stock Movers: - Nike (NKE) shares continue their slide as it is cutting jobs and overhauling its business as results deteriorate, with a restructuring plan to save $2.5 billion over the next five years. The company expects a high-single-digit revenue decline this year, which is w…

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  1. 2026-10-02 15:37 · Bloomberg AI
    Nike Slides on Job Cuts; Broadcom Gathers AI Chip Funding | Stock Movers

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