Meet the Unstoppable Stock That Obliterated Nvidia, Broadcom, and Advanced Micro Devices (AMD) Over the Last 12 Months With a 670% Return
This stock is proof that past performance isn't a reliable indicator of future results.
Meet the Unstoppable Stock That Obliterated Nvidia, Broadcom, and Advanced Micro Devices (AMD) Over the Last 12 Months With a 670% Return
Overview
One year ago, Opendoor Technologies (NASDAQ: OPEN) stock was trading at just $0.51. However, retail investors sparked a buying frenzy through social media platforms like Reddit and X (formerly Twitter), which sent the stock to a 52-week high of $10.52. It has since lost some momentum and closed at $4.73 last Thursday, June 18, but that still represents a 12-month return of 670%.
That's right, this real estate stock has crushed artificial intelligence (AI) semiconductor giants like Nvidia, Broadcom, and Advanced Micro Devices, which have returned between 44% and 323% over the last 12 months. However, here's why investors probably shouldn't chase the rally in Opendoor stock.
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Originally published at www.fool.com.
