1 Unstoppable Artificial Intelligence (AI) Stock Down 90% It's Time to Buy on the Dip
Upstart(UPST) The Motley Fool·2024-08-25 09:15
Upstart is gearing up for a convincing return to growth, and that could propel a recovery in its stock price. Upstart Holdings (UPST 5.77%) was a pandemic darling. Its stock came public in 2020 priced at $20, and it soared 20-fold to over $400 within just 10 months. Historically low interest rates drove a surge in demand for loans among consumers, which was great for the company's artificial intelligence (AI)-powered lending marketplace. Unfortunately, Upstart came unstuck when interest rates started to ris ...