Upstart Holdings (NASDAQ: UPST) stock is rising again. Shares of the artificial intelligence (AI) lending platform are up by as much as 25% this week after falling last week, according to data provided by S&P Global Market Intelligence. With the AI boom (bubble?) swinging into full gear, it is no surprise to see traders keep bidding up shares of Upstart, which talks about AI all the time.

As of this writing -- halfway through 2023 -- shares of Upstart are up 178% year to date (YTD).

There was no relevant news on Upstart this week, but with the market continuing to climb higher to close out the first half of the year, it is no surprise to see shares of the stock ripping again. Upstart is a lending platform that uses its proprietary AI tools to price loans for consumers without the need of a credit score, hopefully with better performance rates than the competition. It works with financial institutions to price loans for their own borrowers, taking a fee on every loan made. Last quarter, there were just under $1 billion worth of loans processed by third parties using Upstart's algorithms.

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Source Fool.com