Why Is UPST Stock Surging Over 11% Overnight?
Upstart Holdings (UPST) stock surged over 11% overnight after reporting stellar second-quarter results that exceeded Wall Street's revenue expectations. The AI lending company reported $365 million in revenue, a 42% year-over-year increase, and $4.2 billion in loan originations, up 50% year-over-year. CEO Paul Gu …