Allbirds Rebrands as AI Stock, Shares Soar

Allbirds Inc. has experienced a dramatic surge in its stock price, soaring over 373%. This significant increase follows the company's announcement of a strategic pivot to focus on AI compute infrastructure. The former shoemaker, which was reportedly nearing operational cessation, is now repositioning itself within the burgeoning artificial intelligence sector. This rebranding signifies a bold move to leverage the high growth potential and investor interest surrounding AI technologies, aiming to secure its future through a focus on advanced computing solutions.