This AI Stock Is Up 200% in the Past 12 Months. Should You Buy It Now While It's Under $80?

It has been more than two years since OpenAI released ChatGPT to the world. Given how much artificial intelligence (AI) continues to make headlines and grab attention, it's probably safe to say that this technology isn't going anywhere. In fact, it's likely to become even more important in the future.Investors continue to look for ways to gain exposure to this trend. There's one surging AI stock that's up about 200% just in the past 12 months (as of Feb. 24). Should you buy it now while it's trading for less than $80 per share?Upstart Holdings (NASDAQ: UPST) , which uses AI to evaluate borrowers' creditworthiness for lenders like banks and auto dealers, impressed investors with its latest financial results. Revenue and transaction volume jumped 56% and 68%, respectively, year over year in the fourth quarter. Executives credit a stable economy, particularly from a lending perspective, in the back half of 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool