TLDR
- Nextdoor (NXDR) stock soared 49% Wednesday after Eric Jackson from EMJ Capital shared his bullish perspective
- Jackson claims the platform’s verified network of 100 million households holds untapped AI value
- The same investor powered Opendoor’s 360% gain this year and Better Home’s 176% spike in September
- He argues traders are valuing Nextdoor incorrectly as a basic advertising platform instead of an AI asset
- Trading volume exploded as retail investors responded to Jackson’s public comments about the stock
Nextdoor Holdings Inc. delivered its most impressive trading performance since 2021 on Wednesday. The stock rocketed as much as 49% after Eric Jackson presented his investment case for the neighborhood platform.
Jackson founded EMJ Capital, a hedge fund based in Toronto. His recent stock calls have generated massive returns for followers. Opendoor Technologies jumped over 360% in 2025 after he began promoting the stock in June.
The fund manager labeled Nextdoor as one of the market’s most misunderstood opportunities. He thinks investors are missing the platform’s true value proposition in artificial intelligence.
The Valuation Gap
Wall Street analysts price Nextdoor like a traditional local advertising platform. Jackson disputes this valuation method entirely. He sees a much more valuable asset hiding in plain sight.
The platform maintains relationships with over 100 million verified households. These represent real people with authenticated identities, not fake accounts. Jackson describes this database as an irreplaceable identity graph for AI applications.
Nextdoor connects people living in the same neighborhoods. Members share local news, business recommendations, and community updates. This interaction generates verified data that Jackson believes holds enormous commercial potential.
His investment style attracts waves of retail traders. When Jackson announces a position, day-traders frequently rush in. Better Home & Finance Holding Co. rallied 176% in September following his involvement.
Comparing Track Records
Market watchers draw parallels between Jackson and Keith Gill, the famous meme stock influencer. EMJ Capital focuses on volatile companies that appeal to speculative traders. This approach has generated both profits and controversy.
The results remain hard to ignore. Opendoor still trades up more than 360% year-to-date even after dropping 30% from its September peak. Performance like that creates followers quickly.
Nextdoor faced scrutiny over user metrics before going public. The company defended itself against claims of exaggerating active user counts. Those challenges were resolved before the public listing proceeded.
Wednesday’s session saw extraordinary trading activity. Volume ran many times higher than typical levels. The stock closed up around 16% after the morning spike cooled down.
What Happens Next
The 49% intraday surge marked the strongest single session since Nextdoor became a public company. Options traders jumped in as volatility indicators flashed. Speculators positioned for continued price swings.
Jackson’s thesis depends on AI monetization opportunities. He expects companies will pay premium prices for verified household data. Whether this materializes remains an open question.
EMJ Capital’s holdings continue attracting attention from market analysts. The fund’s strategy of identifying undervalued stocks and promoting them publicly creates predictable patterns. Some previous picks have reversed course after initial rallies.
Nextdoor shares traded near $3 before Wednesday’s action began. The company earns revenue from local business advertising and partnerships. Growth metrics have been steady without matching larger social media competitors.
Jackson’s confidence stems from the verified nature of Nextdoor’s user base. He projects this data becomes increasingly valuable as AI adoption accelerates. His public position suggests he expects higher prices ahead. The stock finished Wednesday with its best performance in years.
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