Shares of the artificial-intelligence (AI)-centric lender Upstart Holdings (NASDAQ: UPST) traded nearly 5% higher as of 1:43 p.m. ET today after the company announced a new partnership with Salesforce.com. Also, people on social media are noticing a new piece of information on the website that suggests the company automated a higher percentage of loans in the first quarter of the year. Upstart announced a new partnership with Salesforce this morning called Upstart AI Lending for Salesforce, which enables bank and credit union employees to launch a loan application for borrowers through any mode of communication, whether it's when borrowers are on the phone with customer service or through a QR code. Read More...
Motley Fool
Why Skyworks Stock Just Crashed 10%
Shares Skyworks Solutions (NASDAQ: SWKS), which makes semiconductors for wireless devices, crashed Wednesday morning, down 10.1% as of 10:20 a.m. ET, despite hitting analyst targets for its fiscal second-quarter sales and earnings last night. Heading into earnings day, analysts had predicted Skyworks would earn $2.63 per share (pro forma) on sales of $1.33 billion. Skyworks nailed the earnings goal, and reported sales of $1.34 billion.
