Opendoor Technologies Stock Surges 18.5% Amid Meme Stock Frenzy and AI Speculation

Opendoor Technologies (OPEN) saw its shares leap 18.5% on Monday, defying broader market weakness as the S&P 500 and Nasdaq Composite both dipped 0.3%. The rally marks a sharp rebound from last week's selloff following a mixed earnings report that revealed deeper-than-expected losses.

The real estate tech firm has become a favorite among retail traders, with activist investor Eric Jackson calling for CEO Carrie Wheeler's ouster. Jackson argues Opendoor's vast property data could transform it into an AI-driven real estate platform—a vision Wheeler notably failed to articulate during last week's earnings call.

Interest rate sensitivity remains a critical risk for Opendoor's iBuying model. Yet the stock's volatility reflects growing speculative interest in AI applications, mirroring crypto markets where tokens like FET, AGIX, and OCEAN have rallied on similar narratives.