Shoe brand Allbirds trades in sneakers for AI, stock skyrockets
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Allbirds, a shoe brand, is reportedly pivoting from footwear to artificial intelligence, resulting in a significant surge in its stock value. The exact percentage increase in stock value is unclear, with various outlets reporting ranges from over 400% to more than 800%. The company's shift from shoes to AI has drawn attention, with some outlets characterizing the move as a dramatic turnaround for the company.
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