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Myseum Shares more than doubled on Thursday after the social media platform provider became the latest company to unexpectedly refocus its efforts on artificial intelligence.
The penny stock rose around 130% to over $3 per share. Myseum – which topped $5 at one point in the trading day – climbed to its highest level in more than a year and posted its best day since early 2025.
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Myseum, 1 day
The New Jersey-based company said Wednesday it would change its name to Myseum.AI as it focuses on integrating AI into its platforms such as Picture Party and DatChat. Myseum will use AI agents to manage personal media to adapt to users’ preferences while maintaining privacy, the company said.
“Our new name, Myseum.AI, identifies our core AI-based technology that secures our multi-tiered social media ecosystem,” Myseum CEO Darin Myman said in a statement Wednesday.
Myseum shares will continue to trade under the MYSE ticker. The stock had a market cap of more than $14 million late Thursday, according to FactSet.
The museum’s rise on Thursday follows Allbirds’ shares rising more than 500% during the previous session after the troubled footwear maker announced a move to AI. Allbirds closed stores and announced it would sell its intellectual property earlier this year.
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Allbirds, 5 days
Retail traders bought Allbirds shares on Wednesday amid the rally, data from Vanda Research shows. However, market participants warn that the rush of such speculative buying in the past has ended badly after the excitement died down.
Allbirds shares fell more than 35% on Thursday, marking the stock’s worst day since 2023.
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