Allbirds shares rockets as shoe brand pivots to AI

City AM — Apr 16, 09:10 AM

Allbirds' nnouncement triggered a frenzy in trading https://www.cityam.com/wp-content/uploads/2026/04/GettyImages-2269568095-e1776329905961.jpg?w=1108" />

Shares in Allbirds surged by over 580 per cent after the struggling shoe brand unveiled a dramatic pivot into AI, betting on soaring demand for tech infrastructure to revive its fortunes.

The Nasdaq-listed firm said it had secured $50m (£37m) in convertible financing to shift into an ‘AI compute infrastructure’ business, focusing on buying high-performance https://www.cityam.com/allbirds-shares-rockets-as-shoe-brand-pivots-to-ai/">[...]

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Allbirds pivots to AI

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It Was Once Silicon Valley’s Favorite Shoe Brand. Now It’s Pivoting to Something Else Entirely. Slate — Apr 16, 17:55 PM
From shoes to AI: Why Allbirds is pivoting and changing its business NBC News — Apr 16, 15:43 PM
Allbirds Shares Sink as 582% AI Surge Comes to Screeching Halt Bloomberg — Apr 16, 14:12 PM