The Rundown Tim Cook Buys $3M of Nike Stock, AI Fleet Company Motive Files for IPO
Dec 24, 2025
The S&P 500 hits new records as GDP growth outpaces expectations. Tim Cook makes waves by investing $3M in struggling Nike stock. Exciting news from the AI sector as Motive files for an IPO, showcasing a unique approach to fleet management. Meanwhile, Dynavax experiences a boost after a $2.2B acquisition by Sanofi. On the flip side, Intel faces challenges as NVIDIA shuns its manufacturing process, adding to the woes of tech IPOs in 2025, with most trading below their initial prices.
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GDP Fueled By AI And Top Earners
- Strong GDP growth was driven by AI infrastructure spending and high-income consumer spending.
- The top 10% now account for over half of US consumer spending, amplifying growth concentration.
Motive Seeks IPO Amid Mixed Unit Economics
- Motive filed to go public offering AI-powered fleet software and dash cams to reduce collisions.
- Revenues grew 23% YTD but losses widened, testing investor appetite for AI IPOs now.
Tim Cook Bought The Dip In Nike
- Tim Cook, a Nike board member since 2005, bought about $3 million of Nike stock after weak earnings.
- The purchase caused a roughly 3% intraday pop and may signal confidence in a China-focused turnaround.