Shares of Opendoor Technologies Inc surged 14% on Wednesday, following the company's announcement of plans to expand its product offerings across the entire continental United States in the coming weeks. This strategic move has sparked investor enthusiasm, driving the stock to new heights.

The real estate technology firm, which has been a subject of intense market speculation recently, continues to attract attention from both retail investors and market analysts. The stock has shown remarkable performance, with a staggering 461.01% year-to-date increase and a 277.97% gain over the past year.

While Opendoor's surge has drawn comparisons to past meme stock phenomena, the company's fundamental business developments appear to be driving the current price movement. The planned expansion of services across the U.S. signals potential for significant growth and market penetration. However, investors should remain cautious, as CNBC's Jim Cramer recently called for a "gone meme list" to track stocks whose speculative trading frenzy may have concluded, reminding market participants of the unpredictable nature of such high-volatility stocks.