Allbirds' AI transformation frenzy ended in one day! Stock price fell by about 30%

After the surge in the stock market caused by the "transition to AI" yesterday, Allbirds (BIRD.US) stock price fell noticeably on Thursday, indicating that market sentiment is starting to cool down. The stock had surged by 800% on Wednesday after announcing its entry into the artificial intelligence infrastructure sector, but on Thursday it fell by about 30% at one point to $11.94, with trading volume significantly higher than normal levels. The stock price anomaly was previously triggered by a financing agreement disclosed by the company. Allbirds stated that they had signed a final agreement with an unnamed institutional investor to receive $50 million in funds to drive the business transformation towards AI computing infrastructure. The company stated that with the acceleration of AI development and applications, there is an unprecedented structural growth in demand for high-performance computing power, while market supply remains inadequate. However, the market quickly became divided on the feasibility of this transformation. Data shows that Allbirds currently has a market value of around $150 million, and the size of its previous transaction selling intellectual property was only about $39 million, indicating a relatively weak valuation basis. Some institutions hold a significant doubt about this transition. A Renaissance Macro Research analyst pointed out that the company currently "has no GPU inventory, no data center layout, lacks relevant engineering talents, and has not disclosed customer resources," believing that its AI strategy lacks a foundation. The analyst stated, "It currently has a press release, a new name, and a day of market enthusiasm." Market participants note that such concept-driven increases often come with high volatility, and in the absence of fundamental support, stock prices are prone to significant pullbacks after short-term sentiment fades.