this post was submitted on 09 Sep 2026
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GoPro joins AI bonanza with pivot into data centers as shares skyrocket 40% (www.cnbc.com)
submitted 11 hours ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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[–] schipelblorp@sh.itjust.works 24 points 9 hours ago (1 children)

Ah, the Allbirds play.

This shit is wild.

Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence. The move boosted shares of the miniscule market cap company — it was valued at about $21 million at Tuesday’s close — by 582%. The shares, which were under $3 a day ago, jumped to about $17.

https://www.cnbc.com/2026/04/15/allbirds-bird-stock-shoes-ai.html

This is the most bubblicious bubble to ever bubble.

[–] Voroxpete@sh.itjust.works 5 points 7 hours ago

Literally the easiest pump and dump ever. Company failing and you want to dump your shares at a good price? Announce you're doing AI! How? Who cares?! It's AI!