Why Upstart Holdings Inc. (UPST) Went Up On Monday?
We recently published a list of . In this article, we are going to take a look at where Upstart Holdings Inc. (NASDAQ:UPST) stands against other AI stocks that dominate Monday's top performers.
The stock market finished mixed on Monday as investors remained cautious over the escalating trade tensions globally, with President Donald Trump threatening to slap China with another 50-percent tariff if the latter does not withdraw a countermeasure.
The Dow Jones declined by 0.91 percent, while the S&P 500 dropped by 0.23 percent. In contrast, the tech-heavy Nasdaq inched up by 0.10 percent.
Meanwhile, 10 companies, predominantly in the Artificial Intelligence sector, bucked an overall market pessimism, posting strong gains during the day.
In this article, we have identified Monday's top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.
A close-up of a businesswoman using a laptop, being illuminated by the AI-enabled cloud interface sponsored by the company.
Upstart Holdings ended a two-day losing streak on Monday, adding 8.56 percent to close at $37.78 apiece as investor funds shifted anew to artificial intelligence stocks to mitigate risks from the escalating global trade tensions.
On the same day, UPST announced that it would release its first quarter performance on May 6, 2025. A copy of its earnings release and presentation will be available on its website after market close.
Founded in 2012, UPST operates as an AI lending marketplace and connects millions of consumers to more than 100 banks and credit unions that leverage its AI models and cloud applications to deliver credit products.
With Upstart AI's models, lenders are able to approve more borrowers at lower rates. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar 'relief' loans.
Overall, UPST ranks 9th on our list of AI stocks that dominate Monday's top performers. While we acknowledge the potential of UPST as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UPST but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Democrats have a dirty secret - they actually like some of the tax cuts in Trump's ‘big beautiful bill'
Some of the sweeping tax cuts proposed in President Donald Trump's massive spending package have found support among Democrats — even as they are expected to oppose the legislation over proposed cuts to Medicaid and other government services when it comes up for debate in the Senate later this month, according to a new report. The gargantuan budget package, which House Republicans and the White House have dubbed the One Big Beautiful Bill Act, passed the House by a single vote last month and is now drawing heat from fiscal hawks in both chambers as well as Tesla CEO Elon Musk, who was fresh off his months-long stint as a special government employee when he began threatening to back challengers to any legislator who votes for the bill. Still, there are facets of the proposal that have appeal for some Democrats, the New York Times reports. Virginia Rep. Don Beyer, a Democrat who is also a wealthy car dealership owner, told the Times his party is 'in general very much in favor of reducing taxes on working people and the working poor' when asked about Trump's plan to end taxes on service workers' tips. 'Those people are living on tips,' he added. Trump's tip tax cut plan has also attracted attention from Sen. Jacky Rosen of Nevada, a state where service workers make up a large and powerful voting bloc that has traditionally supported Democrats but shifted to Trump in large numbers during the 2024 presidential election, handing him the Silver State's electoral votes. Rosen, a Democrat, took to the Senate floor last month to advance a bill approving Trump's 'no tax on tips' plan. It passed unanimously even though the measure was largely symbolic because the U.S. constitution requires tax laws to originate in the House 'I am not afraid to embrace a good idea, wherever it comes from,'. she said at the time in remarks on the Senate floor. Yet despite the support for some of the individual tax provisions in the plan, it's highly unlikely that it will be able to muster enough if any Democrats to ease the way to Trump's desk, even under a Senate procedure known as budget reconciliation, which fast-tracks some types of spending legislation without subjecting it to the upper chamber's de facto 60-vote threshold for passage. Democrats are expected to unanimously vote against the legislation in the upper chamber, where it has also attracted opposition from some Republicans who've complained that the cuts to spending in the package don't go far enough to offset the reduced revenue caused by provisions meant to enact Trump campaign promises to end taxes on tips for service workers, as well as taxes on overtime pay for hourly workers and on social security benefits for seniors. Nonpartisan experts such as those at the Congressional Budget Office have warned that the reduced tax receipts would blow a massive hole in the federal budget and jeopardize America's long-term fiscal outlook, but that hasn't stopped some prominent Democrats from getting behind the individuals tax cuts. Trump and his allies hope the prominent tax cut proposals will blunt Democrats' efforts to paint the One Big Beautiful Bill Act as a giveaway to wealthy GOP donors that will gut government services while only providing limited relief for working-class voters. To that end, the president and others in his camp have routinely taken to social media to argue that anyone who votes against the bill is effectively voting for tax increases because the legislation makes permanent a number of temporary tax cuts enacted in the 2017 Tax Cuts and Jobs Act, which Trump signed into law during his first term. Democrats, meanwhile, remain opposed to the bill's massive cuts to Medicare and other measures that make it harder for people to claim tax credits meant to boost lower-income Americans' bottom lines. Rep. Brad Schneider, an Illnois Democrat, told the Times that the whole bill had to be considered rather than any individual provision or provisiosn. 'Any one thing — a tax credit or a tax cut — might make sense, but you've got to take a look at the whole picture,' he said.
Yahoo
26 minutes ago
- Yahoo
Apple Poised to Monetize AI at WWDC 2025
Apple (NASDAQ:AAPL) looks ready to kick off its AI monetization era with system-wide updates at WWDC 2025, Wedbush's Daniel Ives says, setting the stage for paid AI features across the Apple ecosystem. The keynote at 1 p.m. ET today at Apple Park will unveil '26 upgrades for macOS, iOS and iPadOS powered by Apple Intelligence, countering Street skepticism about a slow AI rollout. In his Monday note, Ives argued that WWDC marks the start of Apple's AI cash flow, not a mere feature demo, as the company layers new AI-driven capabilities into core OS updates. He expects details on Siri's deeper integration with Google's Gemini and OpenAI's ChatGPT, demonstrating how Apple will embed AI across native apps to drive user engagementand, ultimately, device upgrades when iPhone 17 ships next year. With over 100 million iPhones in China due for an upgrade, Ives also eyes an announcement on Apple's partnership with Alibaba (NYSE:BABA) to deploy AI services locally, a move he calls critical for unlocking growth in the world's largest smartphone market. Wedbush reiterates its Outperform rating and raises its 12-month price target to $270, noting that Apple's edge isn't in building the most advanced large language model but in toll-collecting'' on its vast hardware base. Apple's unmatched ecosystem ensures that any third-party AI app must run through Cupertino, highlighting how AI unlocks new services revenue without upending its product strategy. Why It Matters: WWDC's AI announcements could shift Wall Street sentiment, validating Apple's long-term AI strategy and fueling expectations for recurring software revenue beyond hardware sales. Investors will watch for concrete details on AI feature pricing, Siri-Gemini integrations and the Alibaba tie-up during today's keynote and in the follow-up developer sessions. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27 minutes ago
- Yahoo
Warner Bros. Discovery Stock Surges Pre-Market, Planning Two-Way Split
Warner Bros Discovery (NASDAQ:WBD) is popping in early trading Monday, jumping nearly 8% to $10.60 as of 9:11 a.m. ET after unveiling a tax-free split into two pure-play businessesStreaming & Studios and Global Networksaiming to unlock shareholder value by mid-2026. In the newly branded Streaming & Studios arm, Warner Bros. Television, Motion Picture Group, DC Studios, HBO and HBO Max will sit alongside TV and film libraries under CEO David Zaslav's leadership. The standalone Global Networks entity, led by CFO Gunnar Wiedenfels, will encompass CNN, TNT Sports, Discovery's free-to-air channels across Europe, Discovery+, Bleacher Report and other premier entertainment, sports and news brands. The mid-2026 separation, structured as a tax-free distribution, follows mounting investor pressure for simpler, focused operations and echoes similar media breakups this year. Monday's announcement pushed WBD shares to their highest close since April, outperforming the S&P 500's flat session. Analysts at Bank of America had flagged a potential split as upside for WBD, reiterating a Buy rating and $14 price targetimplying roughly 43% upsidewhile Jefferies in a separate note highlighted that streamlined cost structures and clearer growth trajectories for each unit could drive multiple expansion. Trading volume spiked 35% above the 30-day average, underscoring renewed investor interest. In its press release, Warner Bros. Discovery said the carve-out will enhance strategic flexibility, accelerate capital allocation and sharpen each business's competitive edge, pointing to improved decision-making and tailored investment in content and distribution. Why It Matters: By separating capital-intensive streaming operations from higher-margin networks, Warner Bros. Discovery aims to give investors direct exposure to distinct growth drivers and profit pools. This move could set a template for other legacy media companies wrestling with digital transition strains. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
