Why Upstart Rocketed Almost 50% Today

Upstart's earnings show the company is firmly back in growth mode.Shares of artificial intelligence (AI)-powered lender Upstart (UPST 42.87%) rocketed 43.3% Friday, as of 11:25 a.m. ET.Upstart reported earnings yesterday evening showing improved results, likely due to inflation and interest rate expectations coming down. However, from today's reaction, it appears the positive results and guidance were even better than contemplated by investors heading into earnings.Fintech personal lending is turning around ...