Allbirds abandons sneakers in pivot to AI computing, shares surge 400%

Allbirds abandons sneakers in pivot to AI computing, shares surge 400%

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailAllbirds abandons sneakers in pivot to AI computing, shares surge 400%The footwear brand plans reinvention as Newbird AI with a $50 million convertible in a sign of the broader market shift into GPU infrastructure.By James Van Straten, AI Boost|Edited by Sheldon RebackUpdated Apr 15, 2026, 3:54 p.m. Published Apr 15, 2026, 1:53 p.m. Make preferred on Allbirds is leaving the sneaker industry to focus on AI computing. (gibblesmash asdf/Unsplash)What to know: Allbirds is abandoning its core footwear business and pivoting to AI compute infrastructure, backed by a $50 million convertible financing facility more than double its prior market value. The move reflects a trend in which surging demand for AI-related services is driving even small-c

Source: https://www.coindesk.com/markets/2026/04/15/allbirds-abandons-sneakers-in-pivot-to-ai-computing-shares-surge-300