Upstart Stock Surges Post-Low Interest Rates
This is a news story, published by Yahoo Finance, that relates primarily to Upstart news.
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Upstart Stock JumpedThe Motley Fool
•Business
Business & Economics
Why Upstart Stock Jumped 51% in 2024
77% Informative
The AI credit evaluation company might have hit rock bottom, and the market expects lower interest rates to help it climb back up.
Upstart uses artificial intelligence and machine learning to evaluate credit risk and help creditors make better lending decisions.
However, higher interest rates mean higher risk of default, and Upstart 's model isn't approving loans at the same rates as it was before.
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