Market update for Wednesday April 1, 2026

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In today’s episode:

• Nike stock slides after the company warns turnaround will take longer than expected

• OpenAI closes $122 billion fundraising round and hits $852 billion valuation

• nCino soars after crushing earnings, raising guidance, and showing strong momentum in its AI tools

• RH gets hammered after tariffs, weak demand, and a gloomy outlook hit the luxury furniture maker

• Public launches AI agent feature that lets investors automate parts of their trading strategy inside the app