Shares of Opendoor Technologies have rocketed higher, thanks, in part, to a new CEO who's making bold promises.

Share prices of Opendoor Technologies ( OPEN 0.32% ) have risen a shocking 400% so far in 2025. Most of that gain has come in just the last couple of months, which has been a time of massive change for the company.

One of the biggest changes is a new CEO who has been talking up the opportunity of using artificial intelligence (AI) to improve Opendoor's business.

What does Opendoor Technologies do?

From a big-picture perspective, Opendoor Technologies is a home flipper. It basically offers home sellers a low-ball bid that comes with quick execution and alleviates the need to invest in home improvements prior to the sale.

If a deal is made, Opendoor puts in the time an

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