Allbirds stock is already falling after the AI pivot. History suggests investors should proceed with caution

When a company goes from footwear to AI cloud solutions, eyebrows are bound to rise, but pivots are much easier to announce than to execute. After rising by more than 580% in a single trading session yesterday, shares of Allbirds Inc. (Nasdaq: BIRD) fell this morning in premarket trading, at one point more than 30%.