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Euronews
Euronews
Quirino Mealha

Allbirds shares surge over 550% as footwear firm trades shoes for AI business

In a decisive break from its origins as a sustainable footwear maker, Allbirds is exiting consumer products entirely to reposition itself as a provider of AI compute infrastructure, according to a company announcement.

Shares of the firm rose over 550% in the first few hours of the New York trading session on Wednesday.

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