Myseum stock surges 181% after AI rebrand, following Allbirds in speculative pivot wave

Myseum takes flight after Allbirds in fresh AI rebrand wave

April 16 (Reuters) - A day after footwear maker Allbirds rose 582% on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum (MYSE.O), opens new tab was up 181% early on Thursday in the latest sign of an investor mania for artificial intelligence stocks. Early on Wednesday, Allbirds said it would rebrand itself as "NewBird AI," having agreed to sell off most of its assets and intellectual property for $39 million last month. Allbirds said at the time that it planned to seek shareholder approval for the "dissolution and wind-down of the company." After the close on Wednesday, Myseum said it is "now operating under the new name Myseum.AI," in an effort that "illuminates the company's core technology platform that will integrate proprietary privacy-first artificial intelligence (AI) into its secure messaging and social media platforms." The firms' advertised pivot to AI underscores how the sector's status as a magnet for investment ⁠capital can also provide small firms with struggling legacy businesses a chance to raise funds -- potentially at the expense of investors who buy in after the shares have already run up. On Thursday, Allbirds was down 29.5%. "It does seem like this is peak AI when you've got companies like Allbirds pivoting to data centres and GPUs," said Kathleen Brooks, research director at XTB. "It definitely encapsulates the amount of frenzy that there is in the AI market, but maybe they're just a bit late. Allbirds are not the early birds, that's for sure." This pivot echoes past efforts by small U.S. firms that reshaped their business models to tap investor enthusiasm. In 2017, beverage maker Long Island Iced Tea Corp pivoted to blockchain technology under the name Long Blockchain. U.S. securities regulators later brought an insider trading case that resulted in one defendant agreeing to pay $75,000, opens new tab without admitting or denying the allegations. Allbirds' (BIRD.O), opens new tab Wednesday announcement sent its ⁠shares up as much as 872% on Wednesday. The company said it would execute a $50 million convertible financing agreement with an unnamed institutional investor and plans to use the proceeds to acquire graphics processing units (GPUs). "A $50 million investment is a drop in the bucket in the broader neocloud market, where most companies run capex budgets well into the billions of dollars," William Blair analysts led by Dylan Carden said in a note. The analysts dropped their coverage on the stock. "There is no ⁠valuation metric here with the wind-down of the footwear business and deep uncertainty about its new endeavors in cloud compute." Allbirds lost $77.3 million for the year ended December 31, 2025, and lost $93.3 million a year earlier. HOW THE MARKET TOOK IT A record $3.87 billion worth of Allbirds shares changed hands on Wednesday, per LSEG data. Retail traders also ⁠jumped in and bought more than $5.2 million worth of its shares in the biggest one-day move on record, according data from Vanda Research. It was among the most actively traded U.S. stocks by retail investors on Wednesday, ranking third by buy orders after Tesla (TSLA.O), opens new tab and Nvidia (NVDA.O), opens new tab, according to J.P.Morgan data. The ⁠company's market capitalization swelled up to almost $148 million as of last close, surging from $21.7 million - which was down 99% from levels seen around its 2021 Nasdaq debut. More than 16.3% of Allbirds' free floated shares are shorted and Wednesday's spike left short sellers with mark-to-market losses of approximately $13.6 million, according data analytics firm Ortex. Reporting by Shashwat Chauhan and Avinash P in Bengaluru; editing by Arpan Varghese and Colin Barr Our Standards: The Thomson Reuters Trust Principles., opens new tab

Myseum Trends Overnight On AI Agents Buzz -- MYSE Stock Surges 175% In After-Hours Session - Allbirds (NA

Myseum Inc. (NASDAQ:MYSE) shares are trending on Wednesday night. MYSE surged 175% to $3.96 in after-hours trading Wednesday after the New Jersey-based company announced its rebrand to Myseum.AI, Inc., signaling a full pivot to proprietary artificial intelligence. A Privacy-First Pivot Sends MYSE Soaring The social media technology company is building localized, privacy-first AI agents designed to manage personal media such as photos, videos and messages without sharing user data with traditional AI models. Myseum stated that the system adapts to individual habits and preferences while preserving data integrity and encryption. CEO Darin Myman said, "Our new name identifies our core AI-based technology that secures our multi-tiered social media ecosystem." The ticker symbol "MYSE" remains unchanged on Nasdaq. Broader Market Trend The California-based company, which is a sustainable footwear brand, is shifting its focus to AI compute. Allbirds also plans to rename itself NewBird AI. Trading Metrics, Technical Analysis Myseum has a market capitalization of $6.23 million, with a 52-week high of $3.65 and a 52-week low of $1.31. It has a Relative Strength Index (RSI) of 40.27. Over the past 12 months, the small-cap company has dropped 39.50%. Price Action: According to Benzinga Pro data, MYSE closed the regular session at $1.44, down 2.04%. Currently, the stock is positioned close to its annual low. Benzinga's Edge Stock Rankings show that MYSE is exhibiting a negative price trend across all time frames. Photo Courtesy: Champ008 on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.

Myseum stock soars 100% on rebrand to Myseum.AI By Investing.com

Investing.com -- Myseum, Inc. (NASDAQ:MYSE) shares surged 100% in after-hours trading Wednesday following the company's announcement that it is rebranding as Myseum.AI, Inc. The privacy-first social media and technology company said the name change, effective April 15, 2026, reflects its focus on integrating proprietary artificial intelligence into its secure messaging and social media platforms. The stock will continue to trade on Nasdaq under the ticker symbol "MYSE." The company said it is developing privacy-first agentic localized AI agents designed to help users manage personal media including photos, videos and messages while maintaining privacy. According to the announcement, the technology adapts to individual patterns and preferences while maintaining data integrity and encryption to ensure user information is never shared with other social platforms. "As a privacy-first AI and social media technology company, we continue to deliver on our commitment to innovation in the secure digital media space through our development of popular privacy-first user platforms," said Darin Myman, CEO of Myseum. "Our new name, Myseum.AI, identifies our core AI-based technology that secures our multi-tiered social media ecosystem." The company said its personalized AI assistant learns from individual user actions without sharing that information with traditional AI models. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.