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Midium Shares more than doubled on Thursday after the social media platform provider unexpectedly became the latest company to refocus its efforts on artificial intelligence.
The penny stock rose about 130% to more than $3 per share. Mydium, which crossed the $5 milestone at one point during the trading day, rose to its highest price in more than a year and recorded its best day since early 2025.
Midium, 1 day
The New Jersey-based company announced Wednesday that it will change its name to Myseum.AI as it focuses on integrating AI into platforms such as Picture Party and DatChat. Myseum uses AI agents to manage personal media in a way that adapts to user preferences while maintaining privacy, the company said.
“Our new name, Myseum.AI, represents our core AI-based technology that secures our multi-layered social media ecosystem,” Myseum CEO Darin Myman said in a statement Wednesday.
Myseum stock will continue to trade under the ticker MYSE. The stock had a market capitalization of more than $14 million as of late Thursday, according to FactSet.
Museum’s surge on Thursday comes as Allbirds’ stock price rose more than 500% in pre-market trading after the struggling shoemaker announced a shift to AI. Allbirds announced it would close stores and sell its intellectual property earlier this year.
Allbirds, 5 days
Retail traders sent Allbirds shares soaring Wednesday amid a bull market, according to data from Vanda Research. But market participants caution that such speculative buying sprees have historically gone awry once the excitement waned.
Allbirds stock fell more than 35% on Thursday, its worst day since 2023.
