After a few years of plunging loan volume and a lack of profitability, Upstart (UPST -1.17%) has done an excellent job of turning things around. The lending technology company is now in full growth mode once again, and management expects to exceed $1 billion in revenue in 2025 for the first time ever.
Long-term investing is an excellent way to build lasting wealth. Growth stocks can offer investors a means to capitalize on rapidly growing companies and reap the rewards as these companies expand and prosper.
Upstart's strong Q1 results, with 67% YoY revenue growth and segment-wide strength, signal robust business momentum and healthy financials. AI-driven automation is fueling efficiency and loan growth, with 75% of loans approved automatically and significant cost savings realized. 2025 guidance projects 59% revenue growth and a leap in adjusted EBITDA margin, underscoring a bright long-term outlo...
Artificial intelligence (AI) has dominated the stock market since the launch of ChatGPT in late 2022. At that time, the S&P 500 was in a bear market following the post-pandemic hangover and a spike in inflation.
Nvidia supplies the best data center chips for artificial intelligence (AI) development, and with a market capitalization of $3.6 trillion, it's now one of the largest companies in the world. There is still room for its stock to move higher, but investors who already own it might be looking for other AI names with growth potential.
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