Could Upstart Be a Millionaire-Maker Stock?
All investors want to find winning stock picks. The ideal situation is for a business to deliver such robust growth that it can eventually turn a relatively modest investment into a million-dollar-plus holding. Examples of companies that have been that wildly successful for long-term shareholders in the past include Berkshire Hathaway, Costco, , and a number of others.
Bullish investors certainly believe Upstart (NASDAQ: UPST) has that kind of potential, and it has rallied by 78% in the past 12 months (as of Jan. 8). But could investing in this fintech stock really make you a millionaire one day?
Artificial intelligence (AI) has been getting a huge amount of attention during the past couple of years. But Upstart has been working with this type of technology ever since its founding more than a decade ago. One reason to appreciate the business is because it has legitimately found a real-world use case for AI. That could give it an advantage as other companies try to leverage this technology within the financial services industry.
Source Fool.com
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