Reported 8 months ago
Upstart, a fintech company utilizing AI in lending, has seen a significant decline in its stock price despite the AI boom in major indexes. While Upstart's AI tool for credit analysis is innovative, the company's financial results have been unstable due to external factors like interest rates and lending trends. With revenue tumbling, net loss increasing, and heavy reliance on favorable macroeconomic conditions, analysts advise caution before investing in Upstart's stock.
Source: YAHOO