Retail traders pile into Allbirds after odd AI pivot. History shows it won’t end well

Key Points

Retail investors were quick to embrace Allbird’s shocking pivot into AI.
Net purchases hit a record $5.2 million in a single day, surpassing even demand seen during the company’s 2021 IPO.
“The market is not pricing risk. It is pricing narrative,” said Mark Malek, CIO at Siebert Financial.

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Finance

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Finance

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Finance

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