Smartbird, Inc.

(NASDAQ:BIRD) stock is trading higher on Thursday, continuing the upward momentum from Wednesday.

The gains follow a multi-step corporate overhaul that completes the company's transformation from a footwear retailer into an artificial intelligence (AI) infrastructure play.

Rebranding And Leadership Transition The company, formerly known as Allbirds, Inc., announced Wednesday that its board of directors appointed Nadia Carlsten as president, CEO, and board member.

Carlsten replaces Joe Vernachio, who resigned from the company and its board.