Allbirds Ran Toward AI And The Stock Surged 800%

Everyone is talking about Allbirds and AI. A company that sold sneakers (ones I wear) just sold its entire shoe business for $39 million, raised $50 million from an unnamed institutional investor, then rebranded as NewBird AI to sell GPU compute to developers locked out of Amazon and Microsoft. The stock surged over 800% when markets opened, settling at a still-staggering 700% gain by mid-morning, trading around $20 a share.