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.

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Source Fool.com