#1 AI stock trading for $3
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AI is by far the biggest tech investing trend of 2023. But Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple. Nope – his research is pointing to a tiny, under-the-radar stock that's trading for just $3 right now… And could soon shoot to the moon, handing early investors a windfall. This company already has 98 registered patents for cutting-edge voice and sound recognition technology… And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others. So if you missed out on Microsoft when it first went public back in 1986… This could be your shot at redemption.
Company Overview
Upstart Holdings Inc. (UPST), a pioneering AI lending platform, is revolutionizing the credit industry by leveraging nontraditional data to predict creditworthiness more accurately. The company's unique approach has attracted a vast network of partners, including at least 99 banks, and has served 2.6 million end customers. To date, Upstart has facilitated the origination of $32 billion in loans.
Competitive Advantage
Upstart's AI-powered predictive models have demonstrated a significant edge over traditional methods, enabling banks to maintain their loan approval rates while reducing default rates by a staggering 53%. This competitive advantage positions the $4.5 billion company as a potential disruptor in a sector dominated by incumbents such as Experian, Fair Isaac, TransUnion, and Equifax, which collectively boast a market capitalization nearing $100 billion.
Growth Prospects
As highlighted by Chris MacDonald of InvestorPlace.com, Upstart's recent foray into the home equity market could be a pivotal move. Given the size of the $3 trillion mortgage origination industry, this expansion could unlock substantial growth opportunities for the company.
Financial Outlook
Upstart's AI platform's ability to mitigate unexpected loan losses, the single largest risk to banks, is a key driver of its financial performance. The company is projected to reach approximately $1 billion in revenue by 2025, marking an 80% increase from an expected $550 million this year.
Stock Performance
UPST stock has seen a remarkable surge in 2023, with a year-to-date increase of 430%. Given the company's robust growth prospects and unique competitive positioning, there is potential for the stock to climb even higher.
Here are three reasons that UPST could go higher into 2024 and beyond:
Expansion into New Markets: Upstart's recent entry into the home equity market could be a significant growth driver. The mortgage origination industry is worth $3 trillion, and if Upstart can capture even a small fraction of this market with its AI-driven lending platform, it could significantly boost its revenues and profitability.
Superior Technology and AI Capabilities: Upstart's AI platform has demonstrated its ability to reduce loan default rates by 53% compared to traditional methods. As more banks and financial institutions recognize the value of AI in risk management, Upstart's technology could become increasingly in demand. This could lead to more partnerships and contracts, driving revenue growth.
Strong Financial Performance and Growth Projections: Upstart has shown impressive financial performance with a 430% increase in its stock price in 2023. The company is expected to grow its revenues by 80% to reach $1 billion by 2025. If Upstart continues to meet or exceed these projections, investor confidence could increase, pushing the stock price even higher.
Conclusion
In conclusion, Upstart Holdings Inc. is a compelling investment proposition. Its innovative use of AI in credit prediction, coupled with its ambitious growth plans and strong financial outlook, make it a potential “millionaire-maker” stock. However, as with all investments, potential investors should conduct their own due diligence and consider their risk tolerance before investing.
Disclaimer: This report is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Crazy Opportunity: Tiny $3 AI Stock Could Make You Rich
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Hey, Ross Givens here.
You know what Bill Gates says about AI?
”If you invent a breakthrough in artificial intelligence, so machines can learn, that is worth 10 Microsofts.”
Darned right!
Now that ChatGPT has ignited a firestorm in AI…
Some analysts say Mr. Gates was too conservative. That the market opportunity is far, far greater than 10 Microsofts .
So no matter whether you start with $50, $250, or $1,000…
NOW is the time to get a piece of the action.
And if you move quickly – before the mainstream press gets wind of what's going on – a tiny $3 AI Wonder Stock could jumpstart the kind of carefree life you can only dream about right now.
Getting positioned is easy…
But you'll need to know its name and ticker symbol. (Which I'm prepared to give you now .)
Discover more about The $3 AI Wonder Stock That Could Make You 75X Richer.
And here's the great thing…
I'll bet not one in 1 in 100,000 investors knows about this scorching opportunity!
Just follow my steps to buy the actual stock at the real price of $3 or so.
But you'll need to move extremely fast.
The price could shoot way up at any time.
