Allbirds, now rebranded as Smartbird, has embraced artificial intelligence by appointing a new CEO, fueling investor confidence and sending its stock prices soaring.

Allbirds drops shoes to become Smartbird, an AI infrastructure startup. CEO Nadia Carlsten, fresh off building an NVIDIA-powered supercomputer, targets the mid-market.

The former sneaker company also said it hired a new CEO in its continued hard pivot into becoming an AI infrastructure provider.