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8. Upstart Holdings Inc. (NASDAQ:UPST)

Upstart Holdings (NASDAQ:UPST), an AI lending platform, rose by 6.72 percent on Wednesday to finish at $62.67 apiece after the company announced updates on its auto retail platform.

According to the company, platform updates will upgrade financing workflows and dealership operations as part of its commitment to simplifying procedures and supporting more effective transactions by allowing sales managers to change financing, leasing, and payment choices all from one screen.

It also expanded its credit dashboards which feature FICO Auto Scores, downloadable credit reports, and compliance checks, which can help guide dealers’ lending choices.

An artificial intelligence-powered finance feature lets dealers seal deals sooner by highlighting loan options with better conditions or cheaper interest rates. The business pointed out that these instruments are meant to let dealers reach better loan-to-value ratios and more efficient management of financing approvals.

The move was aimed at helping shorten the time required to set up transactions.