Opendoor Technologies Inc (OPEN) saw its stock soar 14% during Monday's trading session, continuing its impressive rally from the previous week. The surge in stock price comes as the company doubles down on its artificial intelligence (AI) strategy, sparking renewed investor interest in the e-commerce platform for residential property transactions.

The recent rally was ignited by comments from Opendoor's interim CEO, Shrisha Radhakrishna, who described AI as a "core primitive" for the company's next phase of growth. In a social media post, Radhakrishna expressed his conviction that AI can now "do way more than we think," marking a significant shift in the company's approach to technology integration. Opendoor plans to incorporate generative AI across various aspects of its platform, including its core pricing engine, marketing efforts, and in-home assessments.

However, some market observers urge caution. Erik Gordon, a clinical professor at the University of Michigan's Ross School of Business, expressed skepticism about Opendoor's AI push, questioning the technology's ability to replace human expertise in home inspections. Despite these concerns, investors seem to be betting big on Opendoor's AI-driven future, pushing the stock to new heights. As the company continues to evolve its business model and explore AI applications, all eyes will be on Opendoor's ability to translate this technological focus into sustainable growth and improved financial performance.