Eric Jackson, a hedge fund manager who partly contributed to the trading explosion in Opendoor, unveiled his new pick Monday — Better Home & Finance Holding Co. Jackson said his firm holds a position in Better Home but didn't disclose its size.

At one point Monday, Better Home leapt 176% to an intraday high of $94.06 after Jackson touted the stock on X. The New York-based mortgage lender soared more than 36% last week. Better Home's market capitalization was a little more than $500 million as of Friday's close, according to FactSet data.

The EMJ Capital president and founder called Better Home "the Shopify of mortgages" and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence. Shopify is a Canadian e-commerce platform. S

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