Retail traders pile into Allbirds after odd AI pivot. History shows it won't end well
By Yun Li
Published on April 16, 2026.
Shares of Allbirds rose by as much as 582% after the company announced plans to rebrand as NewBird AI and shift towards compute infrastructure. The surge added over $100 million to its market value, with net purchases reaching a record $5.2 million in a single day. This surge of speculative buying reflects a return of animal spirits among small traders as the broader stock market recovers from geopolitical losses. However, this enthusiasm quickly evaporated, with shares now back at roughly $1 per cent.
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