Struggling Shoe Retailer Allbirds Pivots To AI, Stock Explodes More Than 700%

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By BeauHDApr 15, 2026, 1:00 pm273 ptsTop
Allbirds made a surprise announcement this morning: it's pivoting from sustainable shoes to AI compute infrastructure, rebranding as NewBird AI after selling its brand assets and closing its U.S. full-price stores. The move sent shares soaring more than 700%. CNBC reports: The move boosted shares of the…

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