Warning: This Skyrocketing Stock Has a Hidden Risk
Thanks to the Federal Reserve's aggressive interest rate increases in 2022, the stock market tanked that year. However, last year brought with it a new sense of hope as the S&P 500 soared 24%.
Growth tech businesses were some of the best-performing in the market. Just look at Upstart (NASDAQ: UPST), whose shares more than tripled in 2023.
This fintech stock benefited from strong market sentiment. But before you jump in and buy shares, you need to understand a major risk factor.
Source Fool.com
