$UPST has gained more than 100% in the last 3 weeks.
This stock has been a nice trade, unfortunately it doesn't have very favorable options...
Does anyone here own shares of this "speculative" company focusing on artificial intelligence and its use in finance?
Upstart is probably already too speculative even for me, so I'm giving my hands off, but a wonderful review :)
Unfortunately I didn't know this company even 3 weeks ago :) But the review is nice.
Of course it does, and it makes me happy😉👍🚀🚀🚀
Well, given their business model, I think it's a success that they're not going bankrupt. I'd attribute this rise to the fomo around AI and fear it will go down just as well.
Their website states.
Our platform uses sophisticated machine learning models to more accurately identify risk and approve more applicants than traditional, credit-score based lending models.
Lending to people who can't qualify for a loan in the traditional system just doesn't seem like a good idea to me, even if they are selected by AI.