Allbirds soars after sneaker firm rebrands as AI stock

Allirds was basically dead. You know, the wool shoe company that was valued at about $4 billion was basically shutting down. Then they pulled the most 2026 move ever.They said, "We're not a shoe company. We're now an AI company." They're rebranding to New Bird AI and raising $50 million to build AI infrastructure. The plan is to rent out GPU capacity, you know, the chips that power AI in what's known as GPU as a service. Think neoclouds like Corewave or Lambda that rent out the compute capacity to either tr ...