ALLBIRDS INC. Aktie

Allbirds has renamed itself Smartbird and shifted from footwear to offering managed AI compute infrastructure, aiming to provide private AI clusters without customers building their own hardware. The company sold its footwear assets, secured up to $100 million in convertible financing, and appointed Nadia Carlsten as CEO to lead the transition. Investors view the move as a test of how far the AI trade will extend into smaller, capital-intensive companies; Smartbird must secure GPUs, data center partnerships and customer contracts to justify valuation and avoid dilution risks. The outcome will signal whether the market still rewards AI narratives or demands concrete revenue and deployments. » More on finance.yahoo.com

Allbirds filed to rename itself Smartbird and end its public benefit corporation status as it shifts to an AI infrastructure provider. The company named Nadia Carlsten as president and CEO and said it doubled convertible financing from $50 million to $100 million to fund the strategy. The stock jumped sharply on the announcement after earlier volatility following the April pivot to AI and sale of its footwear business. » More on forbes.com

The stock of Allbirds shot from just under 2 euros to over 15 euros within 24 hours after the company announced it would receive $50 million to buy computer chips to be leased to AI firms. The company now appears to be operating as NewBird AI, representing an abrupt shift from shoes to AI infrastructure. Experts describe the price action as a possible pump-and-dump, pointing to extreme price spikes, a low share price and social‑media hype as warning signs. The share has already roughly halved since the surge, and its further course remains uncertain. » More on handelsblatt.com