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A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., Feb. 16, 2021.
Al Drago | Bloomberg | Getty Images
Allbirds made a surprising announcement Wednesday that it is pivoting to artificial intelligence.
Shares of the company were up as much as 200% pre-market.
The company announced that it's pivoting its business to AI compute infrastructure on Wednesday in a release posted to its investor relations page.
Allbirds one-day stock chart.
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