Allbirds Pivots to AI Amid Decline, Shares Surge on News

Allbirds, a shoe company that has lost 99% of its valuation since 2021, announced a pivot to AI by selling its assets to American Exchange Group for $39 million. The company's stock surged 700% following the news, indicating investor optimism about its new AI-focused business model.

By Noah Weidner Thu, April 16, 2026 at 2:07 AM GMT+3 4 min read · Yahoo Finance · April 15, 2026, 23:07 UTC

Allbirds Pivots to AI Amid Decline, Shares Surge on News

Tickers: $APLD $CORZ $IREN

Topics: AI Business Acquisition Company Restructuring Market Reaction

Read the full article at Yahoo Finance

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