Toby Howell

They basically undercut Nike in price too.

So Nike is seen as a premium offering, but these other shoes are getting up to the same quality as Nike, but are sold for a lot less money.

If you look on our running shoe geeks, one out of 18 posts mentioned a major Chinese running shoe brand.

That is up from one out of every 40 posts the previous quarter.

So clearly,

Chinese running shoes are infiltrating the U.S.

market as well.

Li Ning is a big name to keep an eye on.

But yes, China is a big growth driver for Nike.

And if they can't figure out that market while also facing some headwinds in the domestic market when it comes to their fashion brands, Nike's not off to a good start.

They do have an ace in the hole, though, and that is the World Cup coming to their backyard this summer.

Adidas actually tends to outperform Nike when it comes to soccer, but again, this World Cup is literally on Nike's home turf.

It is in North America, so...

That is an advantage for the brand.

Hopefully, this is a moment that they can capitalize on and show like, hey, we are still Nike.

We're still the big dogs when it comes to sports.

Check out this awesome mega event that we're going to have a lot of athletes wearing our jerseys, a lot of athletes wearing our cleats.

Maybe that zhuzhes up its financial performance in the coming quarters.

Moving on, Anthropic needs some Flex Seal because it's springing leaks left and right.

Last Thursday, Fortune reported that the AI company had accidentally made thousands of internal files publicly available, including an announcement of a powerful new model that is waiting in the wings.