Floundering Nike rival makes crazy business pivot - and stock spears 400% as Wall Street and everyday investors cash in
A former sneaker brand has made an abrupt pivot to AI after selling the company... and it's paying off in a big way.
Allbirds pivots to AI infrastructure
- Stocks take flight after shoe company Allbirds makes surprise move to artificial intelligence UPI —
- Shares in Allbirds surge after maker of wool sneakers announces pivot to AI The Guardian —
- From wool sneakers to GPUs: Allbirds’ desperate AI pivot and 600% stock surge, explained Fortune —
- Allbirds secures $50M to transform into AI infrastructure leader AP News —
- Allbirds, a former Wall Street darling fallen on hard times, looks to AI for its future The Independent —