Opendoor Stock Rips As CEO Claims Title Of 'Most AI-Pilled'

Opendoor Technologies, Inc. (NASDAQ:OPEN) shares surged on Friday as the market reacted to a fourth-quarter earnings report that comfortably exceeded analyst expectations. 

• OPEN stock is up after earnings. See the price action here. 

Investors were set on fire by CEO Kaz Nejatian's “wartime” rhetoric and his bold claim that the iBuyer has undergone a radical technological rebirth.

Opendoor is "AI-Pilled"

During the company's earnings call, Nejatian signaled a total departure from the company's previous operational model. 

“Opendoor 2.0 is the single most AI-pilled company in the public market,” Nejatian declared. 

He clarified that this is a fundamental shift in personnel and culture.

“When I say we default to AI, I don’t mean engineers use Copilot. That’s not what I mean. Opendoor is a different type of company. It’s a company where everyone, everyone is learning how to think like an engineer.”

The results of the lean, “AI-first” philosophy are showing up directly in the company’s cost structure. Nejatian revealed Opendoor aggressively slashed its overhead by moving core capabilities in-house and deleting “tech debt.”

“When Opendoor entered 2025, our annual run rate costs on hosting was $12 million a year. Exiting 2025, Opendoor 2.0’s cost and hosting infrastructure is less than $5 million a year,” Nejatian said. 

He noted that the company's entire valuation pipeline now runs on a script of “about 50 lines of code,” making feature-building 90% cheaper.

War on Waste & Debt 

Beyond the balance sheet, Nejatian described a “wartime” culture in which employees are expected to ship high-impact code without waiting for bureaucratic permission. 

He highlighted a recent AI workflow built by an employee in their spare time that automated seller disclosures. 

“He understood this simple fact. It’s wartime. And our primary weapon is our ability to prompt machines to create a new world,” Nejatian said. 

Opendoor stock's rally is a response to the company successfully clearing legacy inventory and making a hard turn toward profitability. 

Nejatian emphasized the “organizational debt” that previously killed the company is being paid down. Opendoor has replaced expensive third-party SaaS tools with in-house vision models, cutting processing times for 100,000 listings from 34 hours to just four.

“Our analysts are no longer doing valuations today,” Nejatian concluded. “They’re auditing what AI has prepared. They are working on evaluating the output rather than doing paperwork to prepare the input.”

OPEN Price Action

With the stock ripping on the news, Wall Street appears to be buying into the vision of a “cheaper, better, faster” Opendoor as an AI-driven real estate market maker.

According to data from Benzinga Pro, Opendoor shares were up 12.47% at $5.23 at publication on Friday. 

Photo: Around the World Photos / Shutterstock