These 10 Stocks Led Rally on Wednesday

1. Upstart Holdings, Inc. (NASDAQ:UPST)

Upstart Holdings saw its share prices climb by 31.82 percent on Wednesday to finish at $88.77 apiece as investors cheered news of an impressive earnings performance last year.

In a statement, UPST said net loss in the last quarter shrunk by as much as 93 percent to $2.755 million from the $42.398 million registered in the same period a year earlier, as well as by 47 percent to $128 million in full-year 2024 from $240 million in 2023.

Revenues expanded by 56 percent to $218 million from $140 million in the last quarter, as well as by 24 percent in 2024 to $636 million from $513 million year-on-year.

UPST CEO David Girouard said the strong performance can be attributed to across all product categories growing dramatically.

“We launched into 2025 with unparalleled energy and optimism for the future of Upstart AI lending and the mission we’re on together,” he noted.

While we acknowledge the potential of UPST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as UPST but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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