BUZZ-Allbirds jumps after rebranding to Smartbird, new AI-focused CEO

Allbirds, Inc. Class A
Amazon.com, Inc.

Allbirds, Inc. Class A

BIRD

0.00

Amazon.com, Inc.

AMZN

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** Smartbird BIRD.O shares soar 37% to $5.37

** Co changes name from Allbirds, appoints former Amazon Web Services AMZN.O executive Nadia Carlsten as CEO

** Carlsten brings experience in AI and quantum computing from DCAI, SandboxAQ and Amazon Web Services

** Co said in April it would pivot from footwear to AI infrastructure, offering cloud computing capacity and AI services

** Co expands convertible financing agreement to $100 million from $50 million

** Including session's gains, the stock is up 32.3% YTD


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