00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Allbirds rebranded to Smartbird on Wednesday and named Nadia Carlston as CEO and board member,
00:08replacing Joe Vernacchio, according to CNBC.
00:11Carlston previously led Amazon Web Services' Quantum Computing Center
00:15and worked at the U.S. Department of Homeland Security.
00:18Most recently, she served as CEO at DCAI, an AI infrastructure company that partnered with NVIDIA
00:25and operates a supercomputer called Geffion.
00:28Shares surged 39% on the news.
00:30The company first pivoted from footwear to AI compute infrastructure in April under the name Newbird AI,
00:36sending its market cap up sevenfold.
00:39Allbirds had sold its shoe assets to American Exchange Group for $39 million in March
00:44and closed its U.S. full-price stores in February.
00:47Shares have fallen nearly 99% from a November 2021 high of $577.80.
00:54For all things money, visit Benzinga.com.
00:571.5 million Fredeva
00:57And Covid-19
00:57Allbirds have landed on Wednesday and on Wednesday and on Wednesday.
00:58AllIsn't large newsynn fatigue
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