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Opendoor (OPEN) Soars 24% Ahead of Dividends

We recently published 10 Market Movers That Made Millionaires in a Week. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the best-performing stocks of the past trading week.

Opendoor Technologies climbed by 23.78 percent week-on-week despite suffering from losses in the last two trading days, primarily driven by a $1 million insider buying ahead of a dividend distribution.

In a regulatory filing on Wednesday, Opendoor Technologies Inc. (NASDAQ:OPEN) said that its CEO Kasra Nejatian, acquired 125,000 common shares at a price of $8.0365 apiece for a total of $1.004 million, ahead of the November 18 record date for warrant dividends payable on November 21.

Under the terms, each investor holding 30 common shares of Opendoor Technologies Inc. (NASDAQ:OPEN) is set to receive one each of Series K, A, and Z warrants, exercisable at prices of $9, $13, and $17, respectively.

Subject to shareholder approval, the new securities will be listed on the stock exchange under the symbols OPENW, OPENL, and OPENZ.

However, the stock fell on Thursday and Friday as investors resorted to profit-taking, while digesting the potential dilution impact of the warrant dividends on existing shareholdings.

Also last week, Opendoor Technologies Inc. (NASDAQ:OPEN) announced that it widened its net loss by 15 percent to $90 million from $78 million in the same comparable period, amid a 37 percent lower gross profit.

Revenues, on the other hand, declined by 33 percent to $915 million from $1.377 billion in the same period last year, but exceeded its earlier guidance of $800 million to $875 million.

While we acknowledge the risk and potential of OPEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OPEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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