Jim Cramer on Opendoor Technologies: "We Don't Want to Be in a Meme Stock"

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks on Jim Cramer’s radar. A caller discussed viewing the stock as a speculative position, noting its drop from $4 to around $0.50 before rebounding to $1.71 and going up amid rumors of a business model shift and executive changes. Cramer commented, “Then you’re going to ring the register. We don’t want to be in a meme stock.”

Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for home buying and selling. The company delivers direct sales, listings, and marketplace services. It also provides solutions in real estate, insurance, and construction. Additionally, on August 25, answering a caller’s question, Cramer said:

“You know, I’ve gotta tell you, this is a meme stock. The person who was, who left the company, the CEO, was a straight shooter. And I don’t really understand what happened, but I’ll tell you this: I am not going to jump on a situation that I thought was heavily, that some would say was manipulative, okay? Some would say. I’m not going to jump on that train.”

While we acknowledge the potential of OPEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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.