Oppenheimer Holdings

And I would say general population, like there's lots of different consumer studies and surveys that have happened.

Like Oppenheimer did like a would you trust Meta with your passwords to give these agents access to go and, you know, act on their own.

Oh, no. Yeah, like 8% of people are saying that they would, which is very low.

But I feel as though this is the first time we've announced it, right? So the idea of AI agents sort of acting on their own accord, it sounds kind of scary and weird, just like ChatGPT and Claude sounded weird and scary originally.

Brandon, thanks for that.

On Nike, let's bring in Oppenheimer analyst Brian Nagel to talk more about what we may see this afternoon.

Brian, good to see you.

I was just thinking about some of the recent downgrades, cutting numbers for fiscal 27, 28.

Watch some inventory levels and all the rest in just a few minutes here.

Brian, thanks as always.

Brian Nagle on Nike out of Oppenheimer.

Speaking of Nike, Caitlin Clark's new shoe nearly selling out ahead of tonight's big WNBA game.

Yeah, let me give you some perspective on what, um, banks are saying about this.

Oppenheimer actually made some projections.

They estimate that Muse could eventually reach 1.9 billion users across, uh, Meta's application.

You know, that's much higher, because they have 3.2 billion, uh, users.

But if only 6% of those, you know, people become paying subscribers, Meta could generate 150 million paying Muse customers, and those customers could generate 27.5 billion in annual revenue at a monthly price of $20.

And Oppenheimer estimates that those $22 billion in operating reve- uh, income, uh, would increase Meta's total 2027 revenue to approximately 332 billion, uh, and its operating income to more than 122 billion.

So these are some big projections that are coming out across, you know, across the industry.

Like, and if you look at, like, um, the m- the Wells Fargo actually put out a note.