Is Allbirds' AI Pivot Genius or Desperation?
Is Allbirds' AI Pivot Genius or Desperation?
Last updated: 2026-04-17 10:59:44 ET
Is Allbirds' AI Pivot Genius or Desperation?
This surge of speculative buying reflects a broader return of animal spirits among small traders.
On Wednesday, shares of Allbirds Inc. (NASDAQ:BIRD) skyrocketed 582.33% during the regular trading session but slipped 24.66% in after-hours trading, ...
Allbirds is ditching years of clean and green street cred
The company is selling off its shoe brand as it plans to shift to providing technology infrastructure.
After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.
Allbirds is ... an AI company now?
The sneaker maker is selling its footwear assets and rebranding as "NewBird AI," betting on booming demand for AI computing power.
Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
The San Francisco-based company said that it would execute a $50 million convertible financing agreement with an institutional investor and plans...
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