Is $RKT the Next AI-Driven Housing Play?

The next rocket will be $Rocket Companies(RKT)$ .

Recent acquisitions, a strong openAI connection, CEO shuffle, and an interesting company "restructuring"...?

Let's dive in.

First, I know you're curious about the openAI connection...look at Bret taylor.

Bret Taylor is the *chairman* of OpenAI.

He's ALSO the co-founder of Sierra, an AI company who now has a strong partnership with RKT.

On October 27th, he announced that "Sierra and RKT are going to transform home ownership together".

OpenAI chairman partnered with RKT through his other company (Sierra AI)...interesting.

Safe to say he's veryyy familiar with Rocket. OpenAI x Rocket soon?

Anywaysss, moving on.

Rocket recently added an .80c dividend + "simplified its structure"...

This is where it gets interesting.

Per a recent 10K, they are reducing classes of common stock from four to two, to "improve ability to use common stock as acquisition currency".

Redfin, Mr. Cooper...what's next? Sounds like more acquisitions soon.

Next. On the rate side, Kalshi's saying there's a 48% chance the FED cuts in December. I'll take that as a catalyst.

Shifting topics, the $14.2B acquisition of Mr. Cooper closed roughly a month ago.

This created a new CEO structure with Varun Krishna as the CEO of Rocket Companies, and Jay Bray as the new CEO of Rocket Mortgage.

Fresh voice focused on innovation, product expansion, and investments in AI.

I like.

Some sources claiming $RKT has a short interest of almost 30% as of Oct 31st.

Chart is making higher lows, strong volume coming in since October, breaking keys levels of resistance.

New CEO structure, more acquisitions on the horizon, rate cuts coming, OpenAI ties, and a strong chart.

Wow. RKT now $17.05

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Is $RKT the Next AI-Driven Housing Play?

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

Find out more here.

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