Another absurd AI pivot is propelling a latest stock higher Thursday. Shares of Myseum jump 130%
Myseum shares more than doubled after the social media firm became the latest business to refocus efforts on artificial intelligence.
Myseum shares more than doubled on Thursday after the social media platform provider became the latest corporation to unexpectedly refocus efforts on artificial intelligence.
The penny stock surged around 130% to above $3 a share. Myseum — which surpassed the $5 mark at one point in the trading day — climbed to its highest levels in more than a year and recorded its best day since early 2025.
The Recent Jersey-based business declared Wednesday that it would change its name to Myseum.AI amid a concentration on integrating AI into its platforms like Picture Party and DatChat. Myseum will adopt AI agents to manage personal media in a way that adapts to users’ preferences while also maintaining privacy, the organization mentioned.
“Our latest name, Myseum.AI, identifies our core AI-based tech that secures our multi-tiered social media ecosystem,” Myseum CEO Darin Myman remarked in a Wednesday statement.
Myseum shares will still trade under the MYSE ticker. The stock has a industry cap of more than $14 million as of late Thursday, according to FactSet.
Museum’s Thursday surge follows the more than 500% jump in Allbirds’ shares during the previous session after the struggling shoemaker revealed a pivot to AI. Allbirds closed stores and mentioned it was selling its intellectual property earlier this year. This also touches on aspects of investors.
Retail traders snapped up Allbirds’ shares on Wednesday amid the rally, data from Vanda Research shows. But economy participants warn that the crush of such speculative buying has historically ended poorly after the excitement fizzles out. Furthermore, experts in wall street note the continued relevance.