Top 10 AI Stocks to Watch Ahead of Potential Market Correction

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

Number of Hedge Fund Holders: 29

Upstart Holdings, Inc. (NASDAQ:UPST) is a financial services company that operates a cloud-based artificial intelligence (AI) lending platform. Its platform includes personal loans, automotive retail and refinance loans and small-dollar loans that connect consumer demand for loans. The company has dropped a game-changing update on its Auto Retail platform, which is expected to shake up the dealership floor. The update comes with faster deal processing, an AI-powered financial module, and a revamped credit dashboard.

Thanks to AI integration, dealerships can close deals much faster and get customers approved for financing. The upgrade comes with the company unveiling an AI-powered algorithm that’s becoming a game changer in the way financial institutions assess potential borrowers, leading to more approvals and fairer interest rates. Upstart Holdings, Inc.’s (NASDAQ:UPST) secret sauce is its AI lending model, which enables banks to approve more loans without increasing defaults.