AI Stock Surge Sparks Speculation of Another Meme-Like Rally
Opendoor Technologies (OPEN) has captivated markets with a 2,000% surge at its peak, fueled by retail investor enthusiasm and a leadership reshuffle. Hedge fund manager Eric Jackson's viral prediction of the stock's rebound from $0.50/share has now shifted focus to Better Home & Finance (BETR), which he touts as the next potential 100-bagger.
Better leverages its AI platform Tinman to streamline mortgage and real estate services, mirroring the digital-first approach that propelled Opendoor's rally. The company's recent volatility (-16.48% drop) contrasts with its underlying tech potential, creating a narrative reminiscent of 2022's meme stock phenomena.