Why Upstart Stock Fell Sharply Today

Investors disapproved of Upstart's (UPST -20.95%) fourth-quarter earnings report after the loan originator, which employs artificial intelligence, posted middling results and gave disappointing guidance.As of 10:36 a.m. ET on Wednesday, the stock was down 20.3%. Upstart can't catch a breakUpstart delivered smashing results in 2021 when interest rates were low and stimulus checks were flowing, but the business is struggling amid high interest rates.The company said revenue fell 4% to $140 million, which was ...