1 Artificial Intelligence (AI) Stock Down 94% You Might Want to Buy Before Interest Rates Fall
UPSTUpstart(UPST) fool.com·2024-05-20 17:27

The U.S. Federal Reserve could begin to cut interest rates later this year, and that will be a windfall for this AI- powered loan originator. Upstart Holdings (UPST -0.78%) went public in 2020 priced at 20pershare.Inlessthan12months,itsstockhadsoared2,00020 per share. In less than 12 months, its stock had soared 2,000% to 401 on the back of the company's lightning-fast revenue growth and its promising potential. The company developed an artificial intelligence (AI) algorithm to assess the creditworthiness of potential borrowers on behalf of banks, in a bid ...