10 Stocks Investors Are Gobbling Up

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1. Opendoor Technologies Inc. (NASDAQ:OPEN)

Opendoor Technologies climbed to a new all-time high on Thursday after surging by as much as 82 percent during the day, with investor optimism fueled by the appointment of a new CEO and the return of its co-founder to the company.

At intra-day trading, the stock jumped to its highest price of $10.7 before paring gains to close the day just up by 79.52 percent at $10.52 apiece.

In a statement, Opendoor Technologies Inc. (NASDAQ:OPEN) said co-founders Keith Rabois and Eric Wu are returning to the Board of Directors, with Rabois taking the chairmanship position.

Opendoor Technologies Inc. (NASDAQ:OPEN) also appointed Kaz Nejatian, chief operating officer of Shopify, as its new CEO and board member. He is a lawyer-turned-entrepreneur, an AI-native executive with a track record of transforming products, teams, and companies at scale.

The leadership changes followed the resignation of former CEO Carrie Wheeler, and calls for reinstalling Rabois into the company.

Rabois’s business strategy was bold, aggressive, and visionary, as compared with Wheeler, who was more cautious and reactive.

While we acknowledge the potential of OPEN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OPEN and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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