Why Upstart Stock Plunged 23% in July The recent decline of Upstart's stock by 23% in July is a symptom of a larger issue threatening the business model of companies like Upstart.
The intersection of macroeconomic pressures and the rise of agentic artificial intelligence has created a volatile market that's leaving investors wondering if this AI driven credit evaluation platform will ever stabilize.
Upstart's struggles are not new; the company's stock took a beating several years ago when it failed to sustain its high growth rates in the face of rising interest rates.