Lately I noticed Tempus (formerly a liquid biopsy company for cancers) and AllBirds (a shoe company) completely ditched their business and pivoted to AI. The companies are now rebranded to Tempus AI and NewBird AI. I’m assuming there are other companies like this.
Yesterday AllBirds stock surged 700% which makes no sense. Is this surge based on speculative excitement or is there anything concrete? Can any AI guru please break this down please?