Opendoor Technologies Inc (OPEN) is set to continue its upward trajectory, surging 5.09% in pre-market trading on Wednesday. This latest jump comes on the heels of Tuesday's impressive 14.4% gain, signaling strong momentum for the real estate technology company.

The recent rally in Opendoor's stock can be attributed to several factors. Last week, a prominent investor appeared on Yahoo! Finance's "Opening Bid" show, dubbing Opendoor the "Uber of real estate." This endorsement seems to have reignited interest in the company, which has recently been at the center of a meme stock craze. Additionally, JPMorgan's data indicates that Opendoor has become one of retail investors' favorites heading into September, further fueling the stock's rise.

Investors should note that Opendoor's surge is occurring amid a broader trend of advancement among stocks popular on the Reddit subforum Wallstreetbets. While the company's innovative approach to real estate transactions continues to attract attention, potential investors should carefully consider the company's fundamentals and market position when making investment decisions.