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-0.0082211538461539 -0.0082211538461539 0.00120192307692305 0.0024038461538461 -0.0112980769230769 -0.0299879807692307 -0.0456730769230769 -0.0372596153846154
Stock impact report

Stock investors are living in a parallel universe where AI trumps all, tech guru Erik Gordon says [Yahoo! Finance]

Allbirds, Inc. - Class A (BIRD) 
Company Research Source: Yahoo! Finance
The stock market "shrugs off" war, oil shocks, and job losses, the entrepreneurship professor said. Gordon called out Allbirds' pivot from sneakers to AI infrastructure. Stock investors are living in a parallel reality where AI trumps everything, and threats can be safely ignored, Erik Gordon says. "The market shrugs off war in the Middle East, inflation, wild oil prices, and tens of thousands of job cuts," the entrepreneurship professor told Business Insider. "It fabricated its own universe where the only things that are real are companies with 'AI' in their name," he added. Gordon, who teaches at the University of Michigan's Ross School of Business, gave the example of Allbirds. The sneaker company recently announced a pivot to supplying AI infrastructure under the name NewBird AI, sending its stock price up nearly 600% in a single day. "If your company that is yesterday's news is tanking and you can fool people into thinking you are worth investing in today by claiming Show less Read more
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