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Opendoor continues to tumble after one of its biggest owners dumped over 11 million shares Monday

The rejuvenation of Opendoor Technologies’ share price has been a story of more buyers than sellers, particularly retail investors enthused by the change of leadership at the online real estate company.

The stock’s abrupt tumble on Monday — with the pain seemingly extending into the premarket on Tuesday — is what happens when selling pressure rises to the fore.

Access Industries, an investment firm run by Len Blavatnik, sold 11.36 million shares of Opendoor through its AI LiquidRE arm, with September 22 listed as the approximate date of sale, per a filing.

The investment firm is the third-largest holder of Opendoor shares, according to Bloomberg, trailing only new CEO Kaz Nejatian and index fund provider Vanguard.

Access Industries previously sold 10.87 million shares of Opendoor on September 12.

Its Access Technologies Venture arm was one of Opendoor’s early backers, cited as the lead investor in its Series C round back in October 2015.

Read more: Opendoor’s retail shareholders on why they’re long the stock and what the new management team needs to do.

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Bank of America explains why Nvidia almost has to invest in OpenAI and Intel

Nvidia is in the business of giving tech bigwigs the tools to try to create God, and in the process, the chip designer has made more money than God.

Bank of America analyst Vivek Arya believes the company is poised to generate hundreds of billions in free cash flow over the next few years as it benefits from the AI boom. Management has to do something with all that money, which helps explain recent investments in OpenAI and Intel, in his view.

“Unlike the old days, investing in other public assets has become difficult given lack of strategic fit and the burdensome regulatory process,” he wrote. “Hence the only other alternative (beyond returning to investors) is to invest in the ecosystem to expand the size of the addressable opportunity that could multiply future benefits, or accelerate time to market for new products, and/or for geopolitical benefits (such as recent INTC investment).”

Investing in its customers is just another way of investing in its own success. And investing in the likes of Intel is a way to add some depth to its product shelf, and perhaps curry some political favor in the process.

Nvidia has been doing this up and down the supply chain, with investments in Applied Digital, Arm Holdings, CoreWeave (which is acquiring Core Scientific), and Nebius Group.

To re-up my previous thoughts on Nvidia’s “House of GPUs,” this degree of implicit vertical integration and platform deepening can be best understood as CEO Jensen Huang trying to ensure that all the possible near-term demand for AI that can be met is met through Nvidia, one way or another.

And accelerating time to market may not be the most desired outcome; as long as Nvidia’s offerings continue to be considered market-leading, advancing too quickly may effectively short-circuit the length of product cycles.

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Matt Phillips29m

SoundHound AI soars on deal to power Red Lobster phone orders

SoundHound AI jumped Tuesday after announcing a partnership with Red Lobster for an AI-powered phone ordering agent for takeout that will roll out across all the seafood chain’s locations.

The stock, which was a big favorite of retail shareholders last year when it delivered gains of 835%, has had a far rougher 2025. It was down as much as 60% back in April, but has clawed back to cut its year-to-date loss to roughly 7%.

Red Lobster Partners With SoundHound AI To Power Phone Ordering Across All Locations - SoundHound AI

Red Lobster Partners With SoundHound AI To Power Phone Ordering Across All Locations - SoundHound AI

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Matt Phillips1h

Firefly Aerospace dives after first earnings report

Firefly Aerospace, a Texas-based midcap builder of space launch vehicles, dove in early trading Tuesday after posting its first quarterly report since its August IPO.

Results were worse than expected. Sales dropped 26% to $15.5 million. And the company posted an adjusted loss per share of $5.78, compared to a loss of $4.60 per share last year.

Firefly Aerospace shares tumble after it posts widening loss, declining revenue

Firefly Aerospace shares tumble after it posts widening loss, declining revenue

markets

Plug Power has nearly doubled in seven sessions on no fundamental news

Plug Power’s romp higher on heavy volumes continues apace.

Nearly 30 million shares have changed hands as of 9:27 a.m. ET, making Plug the second-most-traded stock on US exchanges and propelling the stock up double digits.

There’s little in the way of fundamental news to speak of behind Plug’s recent surge, which has seen shares nearly double since September 12.

If the stock ends higher today, it will mark 10 straight day of gains for the hydrogen fuel cell company, its longest winning streak on record.

Outside of the explosion in volumes in mid-May (after the stock had hit its lowest level in over a decade) and Plug’s meme stock moment in 2014, this is the hottest five-day average for volumes in the stock ever.

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Max Knoblauch3h

Boeing climbs on $8.5 billion Uzbekistan Airways deal that could be followed by more large orders

As world leaders converge on New York City for the UN General Assembly, more Boeing deals are being struck with countries seeking favor with the Trump administration.

On Monday evening, Boeing announced Uzbekistan Airways will order up to 22 of the plane maker’s 787 Dreamliner jets in an $8.5 billion deal. It would be the largest order ever for the airline and, per Boeing, support nearly 35,000 US jobs. Boeing shares climbed more than 2% in premarket trading on Tuesday.

It may not be the only big order Boeing receives this week. According to reporting by Bloomberg, Turkish President Recep Tayyip Erdogan — who is set to visit the White House Thursday — has plans to buy “hundreds” of Boeing planes. At a Tuesday press conference, US lawmakers visiting China said negotiations were nearing their “last days or weeks.”

Boeing has repeatedly been at or near the center of Trump administration trade deals, securing several multibillion-dollar orders from airlines in South Korea, Qatar, and the UK, among others.

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