Allbirds, which transitioned from selling shoes to AI, saw its stock price surge nearly ninefold, hitting a high of $24.30 during trading today.

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According to BlockBeats, on April 15th, Bitget data showed that the stock price of US-listed footwear retailer Allbirds (BIRD) surged from $6.82 at the opening to an intraday high of $24.3, and is currently trading at $20.1, with a market capitalization of $176 million. The stock price rose by as much as 876% during the day.

Allbirds announced today that it has raised $50 million through a convertible bond issuance to fully transform its retail business into AI computing infrastructure and plans to rename the company "NewBird AI".

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