Allbirds Soars After Sneaker Firm Rebrands as AI Stock
April 18, 2026
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1:09Now PlayingAllbirds Soars After Sneaker Firm Rebrands as AI Stock
YouTube Description
as posted by the channelAllbirds announced a new business plan, AI computing infrastructure, just days before it planned to close down for good, and its stock went up as much as 876%. #ai #business #usa
The company plans to rechristen itself as NewBird AI and has secured $50 million of financing to buy computer gear and become a tech company with a long-term vision to provide GPU-as-a-Service and AI-native cloud solutions.
The move is seen as a sign of speculative mania around AI, with some experts warning that it should give investors pause, and is not the first time a struggling company has tried to get a new lease on life by seizing on a hot new trend.
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