Shoe retailer AllBirds (BIRD) sees 700 percent stock surge following pivot to AI infrastructure
Allbirds, a shoe retailer, experienced a 700 percent surge in its stock price after announcing a strategic pivot from selling sustainable footwear to providing AI compute infrastructure. The company's stock rose from under $3 to over $17 following this announcement.
This article was reported and published by shacknews.com. feed.gg links to it as part of a story cluster — full text, images and rights remain with the publisher.