Squawk on the Street SOTS 2nd Hour: Deep-dive with Nike's CEO, AMD-OpenAI Details, & America: One Big Bet On AI? 10/6/25
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Oct 6, 2025 
Elliott Hill, Nike's CEO who returned from retirement, discusses his transformative vision for the company, focusing on sport-led products and revitalizing culture. He shares strategies for clearing old inventory and organizing by sport to sharpen market focus. Ruchir Sharma, a macro trends expert at Rockefeller, argues that America’s growth is increasingly tied to AI, providing insights on its economic impact and advocating for a balanced investment approach between AI stocks and international markets.
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AI Is Powering U.S. Growth And Markets
- AI investment is driving a disproportionate share of U.S. growth and markets this year.
- Ruchir Sharma says AI capex alone accounts for roughly 40% of GDP growth and drives most equity gains.
Dollar Weakness Reflects Hedging Of Flows
- The dollar's weakness partly reflects hedging of heavy capital inflows into U.S. assets.
- Sharma argues investors are hedging after the dollar got 'extremely overvalued' earlier in the year.
Build A Barbell Portfolio Around AI
- Build a barbell portfolio: own U.S. AI leaders and non-AI exposure overseas.
- Sharma recommends U.S. for AI bets and the rest of the world for other sectors with cheaper valuations.