Once valued at $4B, shoemaker Allbirds (BIRD) sold its intellectual property for $39M last month and shuttered its US stores. So naturally, today, its stock is up—*checks notes*—650%?!

The massive surge comes as the firm announced a shocking pivot to AI compute infrastructure, rebranding as NewBird AI and raising up to $50M to buy high-performance hardware.

Let’s just hope its AI solutions aren’t as milquetoast as its shoes.

— Brooks & Cas

Two members of Congress resigned under threat of expulsion this week, and prediction markets are already pricing the next exit.

Rep. Sheila Cherfilus-McCormick sits at 80% odds to leave before July, while Rep. Cory Mills, who is under investigation by the House Ethics Committee for dating violence and campaign finance violations, is close behind at 72%.

Kalshi has entered the chat on Capitol Hill.

📈 | DoorDash (DASH) jumped after Barclays named it the clear leader in autonomous food delivery deployment.

📉 | Micron Technology (MU) fell after an insider sold 24,000 shares worth more than $10M.

📈 | Uber (UBER) has reportedly earmarked more than $10B toward autonomous vehicle acquisitions and developer stakes.

📉 | Sandisk (SNDK) dropped in a broad selloff across memory stocks.

📈 | Robinhood (HOOD) surged after the SEC announced that it will end day-trading limits for retail investors.

After watching Cloudflare get cheaper all year, Piper Sandler has finally decided to buy the dip.

Analyst James Fish upgraded the stock to Overweight, arguing the 2026 pullback has created the entry window his firm had been waiting for.

The firm has long viewed Cloudflare as a top long-term infrastructure story, but a good price was never easy to come by.

Fish's thesis centers on demand for the cloud computing services that AI buildout will require: network-as-a-service, secure access service edge, and infrastructure-as-a-service.

These offerings position Cloudflare to capture enterprise spending from customers looking for reliable, lower-cost alternatives to hyperscalers.

The company holds a working relationship with OpenAI. And it’s described as a core back-end provider for Anthropic, giving it an early advantage in AI client acquisition that most peers cannot claim.

Of the 36 analysts covering the stock, 25 rate it a Buy or Strong Buy, with nine at Hold. The average price target sits meaningfully above where shares currently trade.

Shares are in the red in 2026, caught in a software selloff driven by fears that AI could upend the sector. Fish's counterargument: in a world running on AI, the infrastructure carrying it will do just fine.

🏛️ | President Trump threatened to fire Fed Chair Jerome Powell if he remains at the central bank after his chairmanship expires May 15, while Sen. Thom Tillis (R-NC) vowed to block successor nominee Kevin Warsh's confirmation until the DOJ's probe of the Fed's headquarters renovation is resolved.

🧾 | Treasury said 53M filers claimed new breaks under the Republican tax law before today’s tax deadline, including deductions for tips and overtime. However, average refunds of $3,462 came in well below what the White House had projected.

🏦 | Bank of America (BAC) said its trading desk didn’t post a daily loss in the first quarter, its best-ever quarter for equity sales and trading, as Iran war volatility padded Wall Street revenues.

📦 | US import prices rose 0.8% in March, well below expectations for a 2.0% jump, though economists warned the bulk of Iran war-driven oil price inflation has yet to show up in the data.

🤖 | 1 of 4 US adults used an AI tool for health information in the past 30 days, according to a West Health-Gallup poll, turning to chatbots when professional medical care was too costly or hard to access.

Do you own any shares of Biogen Inc (BIIB)?

▇▇▇▇▇▇ 🐂 Yup, I’m holding

▇▇▇▇▇▇ 🐻 Nope, not interested

▇▇▇▇▇▇ 👀 No, but I’m interested

And, in response, you said: