Opendoor Technologies Stock Surges Amid Meme Stock Revival and ’Uber of Real Estate’ Hype

Shares of Opendoor Technologies (OPEN) surged 6.5% on Tuesday, extending gains after a prominent investor likened the company to disruptive platforms like Uber. Eric Jackson of EMJ Capital, who ignited Opendoor's initial meme-stock rally, doubled down on his bullish thesis during a Yahoo Finance appearance, calling it the "Uber of real estate."

The comparison stems from Opendoor's potential to digitize and streamline the $36 trillion U.S. housing market. Jackson emphasized the company's proprietary data and AI capabilities as differentiators that could reduce transaction friction—a narrative resonating with retail traders seeking the next transformational play.

Market sentiment diverged sharply from broader indices, with the S&P 500 and Nasdaq both declining over 1% during the session. The rally reflects renewed speculative appetite for pandemic-era meme stocks, though skeptics note Opendoor must still prove its capital-light model can scale profitably.