Allbirds Up 582%, Myseum Up 300%: The AI Rebrand Stock Pump Is Getting Absurd

Companies with no obvious AI technology are surging hundreds of percent after announcing pivots to AI compute or AI-adjacent business models.

The AI stock mania hit new heights this week. As @Reuters reported, Allbirds — the sustainable shoe company — rose 582% after announcing a "pivot to AI compute," and Myseum followed with a 300% surge. These are not AI companies by any meaningful definition. They are companies that have discovered that the words "AI" and "compute" in a press release can move their stock price by triple-digit percentages.

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