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Nike shares plummeted after the company announced revenue outlook cuts and unveiled a $2 billion cost-cutting plan. The sportswear giant missed revenue estimates, leading to a drop in earnings. Analysts say Nike's culture needs to be rebuilt, and investors should be aware of the current challenges facing the company. Stay informed with everything you need to know about Nike's stock performance and future outlook.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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