BIRD

Allbirds, Inc. (BIRD) stock experienced a significant surge in April 2026, increasing by over 500-600% in a single day, following the announcement of its pivot to AI compute infrastructure and rebranding as NewBird AI. This followed the sale of its footwear brand to American Exchange Group for $39 million and securing a $50 million convertible financing facility. Prior to this, the stock had been on a downward trend since its IPO in 2021, with revenue falling 23.3% year-over-year to $33.0 million in Q3 2025 and a net loss of $20.3 million. Despite the recent surge, the stock was down 65% from its peak as of April 23, 2026.