The War Nobody Is Watching

Last Tuesday, amid all the Iran war headlines, a shoe company called Allbirds stole the spotlight for a moment. It announced a pivot to AI computing infrastructure… renamed itself NewBird AI… and watched its stock go up 582% in a single session.

At $21 million, the entire business went from being worth less than a Manhattan apartment building… to $159 million overnight. Think about that. A company with no AI experience, no customers, and no revenue model worth mentioning 7x’d on a press release.

Now, it’s too early to tell whether NewBird AI will fail or succeed. But frankly, I’m not interested in finding out with my hard-earned cash. Let me show you where I’m putting my money instead.

A Shoemaker by Any Other Name