Hedge fund manager Eric Jackson revealed his new pick, Better Home & Finance Holding Co., causing shares to surge 8.4%. The mortgage lender’s market cap was over $500 million. Jackson dubbed Better Home “the Shopify of mortgages,” citing its AI-driven innovation in the $15 trillion industry. Figure Technology Solutions had a higher multiple than Better Home, according to Jackson, who believes Better Home has significant growth potential.

Read more at CNBC: Eric Jackson, who led Opendoor meme rip, has a new pick he calls the ‘Shopify of mortgages’