Why Upstart Rallied Today

Shares of artificial intelligence (AI)-based lending platform Upstart Holdings (NASDAQ: UPST) rallied 5.3% on Thursday, as of 1:44 p.m. ET. The beaten-down fintech stock has fallen some 95% from all-time highs posted last year; however, with a lot of fear baked into the stock already, the stock is in rally mode as investors look for a path to recovery. Upstart is a financially sensitive stock, and investors seemed to take heart in some economic data this week that indicated inflation may be softening.