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This AI Stock May Be Down Lately, but I Am Holding for the Long Term

TheMotleyFool

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This AI Stock May Be Down Lately, but I Am Holding for the Long Term: https://g.foolcdn.com/editorial/images/744287/car-loan-paperwork-automotive.jpg

Artificial intelligence lending company Upstart Holdings (NASDAQ: UPST) has stumbled since reporting its second-quarter earnings. Shares are down by more than 55% since the end of July.

The company turned in a clunker of an earnings report in this high-interest rate environment, something I elaborated on a couple of weeks ago. But here I am waving the stock's flag -- and I promise you I'm not as crazy as I seem today.

There are problems at Upstart, but I'm holding for the long term because of two significant product expansions just starting. Here is what they are and why the stock can still be a long-term winner.

Source Fool.com

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