By Purvi Agarwal and Anshuman Tripathy
April 16 (Reuters) – Sneaker firm Allbirds’ pivot to AI computing has revived a Wall Road development lately: smaller corporations leaning into tech-focused transformations to win over AI-hungry buyers.
Allbirds’ shares surged greater than six-fold after it introduced rebranding itself NewBird AI. It was quickly adopted by social media agency Myseum, which soared virtually 150% after including “AI” to its title.
As investor urge for food for know-how continues to reshape companies, here is a have a look at a few of the notable pivots by U.S. corporations to money in on the euphoria:
STRATEGY:
Beginning off as a software program firm that helped analyze monetary knowledge, Michael Saylor’s MicroStrategy remodeled into one of many greatest company hoarders of bitcoin in 2021 and later rebranded to Technique.
The inventory noticed its greatest yearly jumps in 2023 and 2024, with good points of over 300% in every year, as bitcoin doubled in worth. The inventory was final down over 70% from its all-time excessive set in November 2024.
CRYPTO MINING TO AI INFRASTRUCTURE:
CoreWeave was initially an ethereum miner based in 2017, however shut its mining enterprise a number of years later. It debuted on the Nasdaq in April 2025 as a cloud infrastructure firm valued at $23 billion, and surged over 85% within the yr. The agency is up 64% to this point in 2026.
Utilized Blockchain and HUT 8 each began out as crypto miners, however have been shifting to focus on internet hosting knowledge facilities. The previous established itself as Utilized Digital early in 2023, whereas Hut 8 is increasing its knowledge middle enterprise.
Development in Utilized Digital’s inventory has largely been muted for the previous few years, however Hut 8 has posted good points yearly since 2023, because of each bitcoin costs and demand for knowledge facilities.
After rising from chapter in January 2024, Core Scientific jumped on the AI bandwagon, partnering with CoreWeave to offer infrastructure that it already used for bitcoin mining. Its shareholders rejected an acquisition provide from CoreWeave final yr.
TRUMP MEDIA & TECHNOLOGY
Trump Media & Know-how, owned largely by U.S. President Donald Trump, was initially a social media agency – father or mother of the ‘Fact Social’ platform.
It began increasing into digital finance final yr with the creation of a bitcoin treasury, a brand new enterprise with Crypto.com through a blank-check acquisition firm.
The inventory had one in all its greatest day by day jumps in December 2025 when it was contemplating spinning off the platform right into a publicly traded firm.
Nonetheless, it greater than halved in worth in 2025 regardless of the enchantment of digital token treasuries attracting investor curiosity.
