Search results for Allbirds
AI & Enterprise
Warning over Anthropic\'s $2 trillion valuation ahead of Nasdaq IPO
A warning has emerged that Anthropic\'s $2 trillion valuation ahead of a Nasdaq listing is excessive. Independent research firm New Constructs valued the company at $150 billion and called the offering the most absurd IPO of 2026. It said Anthropic would need profits double Nvidia\'s latest annual net income to justify the valuation. A leaked draft prospectus showed 2025 revenue of $4.6 billion and a net loss of $42 billion.
AI & Enterprise
Stocks jump when companies add AI to their names as meme trade stirs again
Meme-stock trading led by retail investors is showing signs of reviving in the U.S. stock market, analysts say. Vandatrack said retail buying is turning more aggressive as investors focus more on using tax refunds than on Middle East geopolitical risks. Allbirds surged nearly fivefold intraday after outlining an AI infrastructure pivot and a name-change plan. Other shares tied to AI-transition narratives have also jumped, renewing debate over overheating.
Industry
Allbirds ditches shoes to pivot to AI infrastructure; shares surge more than 700 percent
U.S. footwear maker Allbirds surged more than 700 percent in a single day after news it will exit shoes and pivot to an AI infrastructure business. It plans to rename itself NewBird AI and lease high-performance GPU resources to developers and corporate clients. The company previously sold its shoe brand for $39 million and has a roughly $50 million convertible-bond financing facility. Critics note it lacks operating experience in hardware, data centres or cloud services.