Shares of Myseum jump 150% after following Allbirds in AI pivot
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myseum Shares more than doubled on Thursday after the social media platform provider unexpectedly became the latest company to refocus on artificial intelligence.
The penny stock is up nearly 130% to over $3 per share. Myseum, which broke the $5 mark at one point during the trading day, climbed to its highest levels in more than a year and recorded its best day since early 2025.
Myseum, 1 day
The New Jersey-based company announced Wednesday that it will change its name to Myseum.AI due to the focus on integrating artificial intelligence into its platforms. Painting Party And DatChat. Myseum will use AI agents to manage personal media in a way that adapts to users’ preferences and also protects privacy, the company said.
“Our new name, Myseum.AI, describes our core AI-based technology that secures our multi-layered social media ecosystem,” Myseum CEO Darin Myman said in a statement Wednesday. expression.
Myseum shares will continue to trade under the ticker MYSE. The stock’s market value was more than $14 million as of Thursday, according to FactSet.
The museum’s rise on Thursday follows a more than 500% surge in Allbirds shares in the previous session after the struggling shoe maker announced it was shifting to artificial intelligence. Allbirds closed its stores and said earlier this year it would sell its intellectual property rights.
All birds, 5 days old
Retail traders bought shares of Allbirds amid the rally on Wednesday, according to data from Vanda Research. But market participants warn that the push for such speculative buying has historically ended badly after the excitement faded.
Allbirds shares tumbled more than 35% on Thursday, marking the stock’s worst day since 2023.
