Allbirds (BIRD) Stock Skyrockets 200%: Radical Pivot From Footwear to AI Development

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2026-04-15 15:09:00

Allbirds (BIRD) Stock surges 200%: Pivots From Shoes to AI

SAN FRANCISCO, April 15, 2026 – Allbirds Inc. (NASDAQ: BIRD) shares surged over 200% in pre-market trading Wednesday after the former footwear giant announced a complete strategic pivot from sustainable apparel to artificial intelligence infrastructure development. The dramatic reversal comes just weeks after the company sold its core intellectual property assets for $39 million, having seen its stock collapse more than 99% since its 2021 IPO. Allbirds secured $50 million in funding to establish AI compute infrastructure, marking one of the most radical corporate transformations in recent market history as traditional businesses rush to capitalize on the AI boom.

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