Square stock bulls focus on its Cash App and Afterpay synergies but bears worry over Bitcoin and a possible recession. Read More...
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1 Growth Stock Down 94% to Buy Right Now
The retreat is being driven by soaring inflation and rising interest rates, which are putting the brakes on the economy and forcing investors to rethink their growth expectations. Upstart Holdings (NASDAQ: UPST), for example, uses artificial intelligence (AI) to originate loans for banks on other lenders, and investors have doubts about how well its lending models will hold up as household finances deteriorate. Upstart’s main goal is to displace the standard tools used to size up the risk in consumer lending.
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