Warning: This Skyrocketing Stock Has a Hidden Risk
Since the start of last year, the stock market has been a huge winner for investors. Just two months into 2024, the major indexes are hitting fresh all-time highs seemingly every day.
Growth tech stocks, especially some of the more speculative ones, have benefited greatly from a more robust market environment as investor enthusiasm is soaring. Just look at Upstart (NASDAQ: UPST). The artificial intelligence (AI)-based lending business has seen its shares skyrocket 85% in the past 14 months.
It might be a no-brainer decision to want to scoop up this fintech stock and ride the momentum. However, it's best to pause first and understand that Upstart has a hidden risk you can't ignore.
Source Fool.com
