Upstart (UPST) Stock Is Up, What You Need To Know

What Happened?

Shares of AI lending platform Upstart (NASDAQ:UPST) jumped in the afternoon session after the company announced a partnership with Rize Credit Union to expand access to personal loans in California. Rize, a credit union with over $1.2 billion in assets, partnered with Upstart to use its artificial intelligence (AI) lending platform. 

The collaboration enabled Rize to offer personal loans to more consumers across the state, helping to meet the growing demand for accessible financial options. Through Upstart's Referral Network, Rize was able to reach more borrowers, grow its loan portfolio, and expand its membership with an all-digital personal lending experience. This deal added another partner to Upstart's growing network of financial institutions that use its technology to originate loans.

After the initial pop the shares cooled down to $44.78, up 0.4% from previous close.

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What Is The Market Telling Us

Upstart’s shares are extremely volatile and have had 70 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 1 day ago when the stock dropped 3.6% on the news that geopolitical tensions between the United States and the European Union escalated, sparking fears of a renewed trade war. The broader markets adopted a "risk-off" mode, with investors seeking safe-haven assets amidst the uncertainty. The market's primary fear gauge, the VIX, jumped to a fresh eight-week high, signaling rising investor anxiety. The dispute, centered on Greenland, raised the possibility of a revived trade conflict, which could disrupt global supply chains and economic activity. Mega-cap technology stocks, many of which have significant international sales and operations, were particularly affected by the souring risk sentiment as a potential trade war threatened their global business models.

Upstart is down 2.3% since the beginning of the year, and at $44.78 per share, it is trading 49.6% below its 52-week high of $88.77 from February 2025. Investors who bought $1,000 worth of Upstart’s shares 5 years ago would now be looking at an investment worth $702.09.

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