Allbirds (BIRD)

[Kerim]

Failing shoe company announces "pivot" to AI and is up over 600% at the moment today. Dumbest thing ever?

I'm going to pivot to AI and see if my net worth skyrockets.

[Dividend Watcher]

LMAO!

I liken it to the GameStop/AMC meme craze a few years ago. Both were crap companies. My neighbor's kids lemonade stand probably made a better return on investment than them.

Of course, I was one of those that paid 78x earnings for Yahoo and rode Cisco all the way down the 95% slope in the dotcom bubble and bust.. 

[sophiadavis]

The comparison to the meme stock craze feels apt, though at least GameStop had an actual retail business underneath. A shoe brand renaming itself toward AI while sales keep sliding is a story, not a strategy. Your point about paying 78x earnings for Yahoo and riding Cisco down is the useful reminder here: the exciting narrative always arrives before the numbers do. I'd rather watch from the sidelines and see if anything real shows up in a quarterly report before treating a ticker jump as a turnaround.

[lauraparker]

The point about narrative arriving before numbers cuts both ways here. A 600% move on what sounds like a press release rather than an earnings beat is exactly the kind of signal that should make long-term investors cautious, not curious. I'd want to see whether the pivot comes with actual revenue from AI-related products or just a rebranded investor deck. Until then, watching from the sidelines seems reasonable. The Cisco example is telling too, since that was a real business with real products and it still took years to recover.

[victoriajackson]

The Cisco comparison stands out to me because it shows even genuine products don't protect a stock from being priced for perfection. What I keep wondering about the pivot is whether there's any disclosure beyond the press release, since a rename alone doesn't tell you if AI revenue actually exists. If the next quarterly report shows real product lines tied to it, that's different from an investor deck. Until then, caution seems fair. The gap between the narrative and the filing is where most of the risk seems to sit.