CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Nextdoor Soars as Hedge Fund Manager Eric Jackson Unveils Bullish AI-Driven Thesis” 🚨🚨🚨

Nextdoor (NXDR) surged more than 30% in premarket trading after hedge fund manager Eric Jackson—well-known for orchestrating major rallies in Opendoor (OPEN) and backing Carvana (CVNA)—announced he is taking a long position in the neighborhood-focused social media platform.

Jackson shared his thesis on X, arguing that Nextdoor is significantly undervalued and has the potential to undergo a “massive re-rating” similar to other AI-leveraged turnaround stories he has championed. He emphasized that the company is positioned to harness AI to strengthen neighborhood engagement, improve platform personalization, and potentially accelerate monetization.

The AI Angle Boosting Investor Sentiment

According to Jackson, Nextdoor has the same multi-layered AI opportunity he saw in Opendoor and Carvana—two companies that previously saw dramatic rebounds after heavy skepticism. Investors responded quickly, sending shares sharply higher.

Nextdoor’s core business revolves around advertising, but despite steady user engagement, the company has never reported a profitable quarter since going public in 2021. The stock had been down 17% year-to-date and nearly 80% below its IPO price before today’s rally.

Why the Market Reaction Matters

Jackson’s endorsement has historically carried weight with retail and institutional investors, especially given his track record with beaten-down tech names. For a company like Nextdoor—struggling to regain investor trust and find a path to profitability—the renewed bullish narrative could help reset expectations heading into 2025.