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Why Shares of Upstart, Affirm, and SoFi Are Rising Today

Why Shares of Upstart, Affirm, and SoFi Are Rising Today

Shares of several tech stocks bounced today after an intense few weeks of selling and as the market tries to determine what will happen to the economy and monetary policy in 2023. Shares of the artificial-intelligence lending-company Upstart (NASDAQ: UPST) traded 4.7% higher as of 12:05 p.m. ET today. Shares of the buy now, pay later (BNPL) company Affirm (NASDAQ: AFRM) traded 4.1% higher, while shares of digital-bank SoFi (NASDAQ: SOFI) traded as much as 4.9% higher before giving up most of those gains, as of this writing.