US Stocks Movement | Allbirds surges over 238% and triggers a circuit breaker, plans to transform its business into AI computing infrastructure

Glonghui, April 15 — Athletic shoe manufacturer Allbirds (BIRD.US) surged over 238% and was halted, last trading at $8.42. According to reports, Allbirds announced it has secured a $50 million convertible financing facility and plans to transform its business into AI computing infrastructure. The company disclosed that it has entered into a definitive agreement for this financing facility with an institutional investor and expects to complete the transaction in the second quarter of 2026. In addition, the company plans to transition its business to providing GPU-as-a-Service and AI-native cloud solutions, and will change its name to “NewBird AI”. (Glonghui)