If You Bought $1,000 Worth of Upstart Stock at the Start of the Year, Here's How Much You Would Have Today

The Federal Reserve's aggressive course of interest rate hikes crushed major stock market indices in 2022, but things have been much more upbeat this year. No surprise here, but some stocks have performed exceptionally well -- including many harnessing the power of artificial intelligence (AI).

Look at AI-powered fintech Upstart Holdings (NASDAQ: UPST). At recent prices, its shares have doubled this year -- even after crashing 63% since the start of August. At Tuesday's close, a $1,000 investment in Upstart's stock at the start of 2023 would have been worth $2,023.

Let's look at the latest challenges facing this fintech stock, which will help provide better context to the company's long-term story.

Source Fool.com