Sneaker Company Becomes AI Firm, Markets Hit Records, and Jim Cramer Is Losing His Mind: Your Weekly Roundup

Let's start with the most unhinged story of the week: $AAON... just kidding, it's Allbirds. The formerly beloved eco-sneaker brand sold its entire footwear business to American Exchange Group, raised $50 million in convertible financing, and announced it's rebranding as 'New Bird AI' — a 'fully integrated GPU as a service and AI native cloud solution.' The stock surged 580%. Jim Cramer called it 'ridiculous' on live television, which is honestly the most relatable thing he's ever said.

Meanwhile, the macro story of the week was the Iran ceasefire rollercoaster. The S&P 500 erased all losses since the war began, briefly topping 7,000 on peace-deal optimism. Oil whipsawed — WTI hit ~$92/barrel, fell 7% in a single session on ceasefire talk, then crept back up as naval blockade headlines hit the wires. The Fed's Beige Book flagged 'wait-and-see' business behavior, but markets decided 'wait-and-see' means 'buy everything.' The Nasdaq 100 closed out 11 consecutive green days, its longest streak since 2021, led by $NVDA (up ~20% for the month) and $MSFT (up 10% in a single week on OpenAI agent integration hype).

Elsewhere: a jury ruled Live Nation illegally monopolized the ticketing market, $SNAP cut 16% of its workforce and the street applauded with a 7.8% pop, Anthropic is eyeing an $800 billion valuation — double from two months ago — and $HOOD got a $130 price target from Bernstein implying 65% upside. The market is basically speed-running 'what if nothing bad actually happens' and so far, it's working.