NASDAQ:BIRD 15 April 2026 - 18 June 2026

UPDATE April 15, 2026, 23:05 - Allbirds shares surged more than 400% after the company confirmed a $50 million convertible financing deal to pivot into AI compute infrastructure and rebrand as “NewBird AI.” The firm plans to acquire GPUs and build a “GPU-as-a-service” platform, following the sale of its footwear business for about $39 million. Analysts caution the move may be speculative, noting the company lacks a track record in AI and faces entrenched competition from established cloud and chip players.