SAN MATEO, Calif., March 22, 2023--Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced the launch of the Upstart Macro Index (UMI). In an industry first, UMI is designed to estimate how changing macroeconomic conditions, such as personal savings rate, inflation, and unemployment, are impacting the credit performance of Upstart-powered loans.
Upstart (NASDAQ: UPST) attracted a stampede of bulls when it went public on Dec. 16, 2020. Let's see why Upstart's stock soared, why it crashed, and if it's still a worthwhile buy today. Why did Upstart initially impress the market?
If you don't have much money to invest, but want to get in on the ground floor of tomorrow's market darlings, AI-based lending platform provider Upstart (NASDAQ: UPST) and leading cybersecurity firm SentinelOne (NYSE: S) might be what you're looking for. Upstart has the potential to deliver multibagger returns over the next decade. The benefits Upstart's platform offers are more accurate risk assessment, higher approval rates, and lower interest rates for borrowers.