US Stock Market Move | Hedge fund manager published a post singing praises for Nextdoor Holdings (NXDR.US), which surged nearly 50% at the opening.

On Wednesday, Nextdoor Holdings(NXDR.US) opened up nearly 50%, marking the largest single-day increase since the company's IPO in the United States, now trading at $2.89. In terms of news, hedge fund manager Eric Jackson posted on social media, "NEXTDOOR: the most underrated AI platform of the 2020s. The potential blueprints for a dynasty reevaluation of the multiplier S curve. Every cycle, there are always some platforms misunderstood for years... until a moment changes everything. Today's price of Nextdoor around $2 feels like one of those moments..." Nextdoor Holdings operates a neighborhood social networking platform, connecting neighbors, businesses, and public institutions. In 2024, the company's revenue was $2.4728 billion, a 13.27% year-on-year growth, with the main source of revenue coming from advertising sales.