Anything associated with artificial intelligence (AI) has been a hot commodity to own this year, especially since May. It's not uncommon to see stocks that have doubled or tripled, but one culprit has gone up 5 times in value since May. Upstart (NASDAQ: UPST) is up more than 450% since May 1 and has seldom looked weak over the past three months.

But is it too late to buy Upstart stock right now? Let's find out.

Upstart is a leader in alternative loan approval methods. Instead of using a standard FICO score as the only data point to assess a borrower's creditworthiness, it pulls from other factors like education, employment history, and banking transactions. To do all this work, Upstart utilizes AI, which helps make an unbiased opinion on the chances of a borrower defaulting on their loan.

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Source Fool.com