Resilience is an important ingredient for success in the business world, and Upstart (NASDAQ: UPST) has it in spades. It's using artificial intelligence (AI) to transform the lending industry, but its methods were called into question in 2022 when credit conditions tightened and crushed the company's momentum.

Investors have sent Upstart stock plunging 95% from its all-time high as a result, but the company is making important moves to secure its future. In the first quarter of 2023, it announced a new funding deal, and it also told investors of plans to expand into a new, major lending market.

Here's why the stock might be a buy now.

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Source Fool.com