We recently published 10 Stocks Crushing Wall Street, AI Stocks Dominate. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the top performers on Tuesday.

Opendoor Technologies snapped a four-day losing streak on Wednesday, jumping 16.24 percent to end at $8.23 apiece, as investors mirrored an investment firm’s acquisition of a significant stake in the company.

Trading firm Jane Street said in a regulatory filing that it acquired 44 million shares in Opendoor Technologies Inc. (NASDAQ:OPEN), representing a 5.9 percent stake in the company. It clarified, however, that there were no activist plans in relation to the purchase.

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Earlier this month, Opendoor Technologies Inc. (NASDAQ:OPEN) announced leadership changes, with the return of its two founders, Eric Wu and Keith Rabois, and the naming of Kaz Nejatian as its new chief executive officer (CEO), to support the company’s turnaround and revival from losses.

The leadership reshuffle followed the resignation of former CEO Carrie Wheeler, after mounting calls from the investing community for the return of its founders.

While we acknowledge the potential of OPEN as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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