Jim Cramer Was Right When He Called Opendoor (OPEN) A Meme Stock

Opendoor Technologies Inc. (NASDAQ:OPEN) is simply a existent property marketplace exertion company. Its shares are up by 335% implicit the past twelvemonth and are down by 29% year-to-date. Since Cramer discussed the steadfast connected April 2nd, the banal is down by 48%. However, Opendoor Technologies Inc. (NASDAQ:OPEN)’s shares surged by astir 816% betwixt the CNBC TV host’s comments and September 11th. A notable leap occurred connected the 11th erstwhile the banal closed a whopping 79% higher. On that day, Opendoor Technologies Inc. (NASDAQ:OPEN) yielded to hedge money unit and removed its CEO to name erstwhile Spotify enforcement Kaz Nejatian instead. On November 6th, the banal closed 9.3% little connected the aforesaid day, the exertion institution reported its third-quarter net report. The results saw Opendoor Technologies Inc. (NASDAQ:OPEN) station a $0.08 adjusted loss, which was higher than the $0.07 nonaccomplishment that analysts had penciled in. Here is what Cramer had said astir the steadfast connected April 2nd:

“Then you’re going to ringing the register. We don’t privation to beryllium successful a meme stock.”

Studio Grand Ouest/Shutterstock.com

While we admit the imaginable of OPEN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.