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Opendoor Technologies Stock Surges Amid AI Potential and Meme Stock Frenzy
Opendoor Technologies Stock Surges Amid AI Potential and Meme Stock Frenzy
23
3
BTCCSquare news:
Opendoor Technologies (OPEN -2.83%) has captured investor attention with its staggering 288% rally in less than six weeks. The surge follows a bullish thesis from hedge fund manager Eric Jackson, who posited the stock could become a "100-bagger"—rising from $0.82 to $82—fueled by its untapped AI capabilities in residential real estate data.
Meme stock traders have amplified the momentum, though the company's fundamentals remain disconnected from the price action. Jackson emphasizes Opendoor's potential as more than a "low-margin house flipper," citing its proprietary dataset as a key differentiator. The latest earnings report will test whether the HYPE aligns with reality.
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