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NASDAQ:BIRD 15 April 2026

Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds secured up to $50 million in senior secured convertible notes and will pivot to AI compute infrastructure after selling its footwear business to American Exchange Group for $39 million. Shares jumped to $10.10, up $7.61, after the announcement. The company plans to rename itself NewBird AI and use the funds to buy GPUs for a rental business. A May 18 shareholder vote will decide on the asset sale and charter changes.
15 April 2026
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Stock Market Today

  • RBC Capital Maintains Hold on NuScale Power Amid Mixed Earnings and Insider Selling
    April 15, 2026, 10:59 AM EDT. RBC Capital's analyst Chris Dendrinos upheld a Hold rating on NuScale Power (SMR) with a $14 price target. Shares closed at $9.21. The company reported $1.81 million in quarterly revenue and a GAAP net loss of $50.83 million, narrowing from last year's loss of $74.98 million. Despite a moderate buy consensus with an average target of $17.39, insider sentiment turns negative as 47 insiders increased selling activity recently. Notably, Fluor Corp, a SMR director, sold over 463,000 shares last month worth more than $6 million, signaling caution among management.

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Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

Allbirds Stock Soars as Shoe Brand Bets $50 Million on AI Compute Pivot

15 April 2026
Allbirds secured up to $50 million in senior secured convertible notes and will pivot to AI compute infrastructure after selling its footwear business to American Exchange Group for $39 million. Shares jumped to $10.10, up $7.61, after the announcement. The company plans to rename itself NewBird AI and use the funds to buy GPUs for a rental business. A May 18 shareholder vote will decide on the asset sale and charter changes.
Broadcom Jumps on Meta AI Chip Deal as Marvell Gets New Bull Call

Broadcom Jumps on Meta AI Chip Deal as Marvell Gets New Bull Call

15 April 2026
Broadcom shares rose 3.9% after Meta extended its chip partnership through 2029, with the first rollout phase exceeding 1 gigawatt of compute. Marvell gained 1.5% as Oppenheimer raised its price target to $170, citing strong data-center networking growth. Wall Street opened higher, with the S&P 500 near record levels amid easing inflation signals.
U.S. Mortgage Applications Rise as Rates Hit One-Month Low, but Buyers Stay Cautious

U.S. Mortgage Applications Rise as Rates Hit One-Month Low, but Buyers Stay Cautious

15 April 2026
U.S. mortgage applications rose 1.8% last week as the average 30-year rate fell to 6.42%, according to the Mortgage Bankers Association. Refinance applications climbed 5%, while purchase applications slipped 1%. Existing-home sales dropped 3.6% in March, and the median price increased 1.4% to $408,800. The Fed held rates steady in March and meets again April 28-29.
Bank of America (BAC) Q1 Earnings Beat as Profit Jumps 17% on Record Equities Trading

Bank of America (BAC) Q1 Earnings Beat as Profit Jumps 17% on Record Equities Trading

15 April 2026
Bank of America reported a 17% rise in first-quarter profit to $8.6 billion, or $1.11 per share, beating analyst estimates. Revenue rose 7% to $30.3 billion, with record equities trading and higher investment-banking fees driving gains. Net interest income climbed 9% to $15.7 billion. Consumer credit and debit card spending increased 7% to $245 billion.
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