Smartbird (NASDAQ: BIRD) stock jumps as the company completes its shift from footwear to AI infrastructure. Read the latest updates.

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.