Upstart share falls 14% premarket after mixed Q3 results
Upstart (UPST) shares plunged over 14% in premarket on Wednesday after reporting mixed Q3 results and a weak outlook, putting the stock on track to fall below $40 for the first time since April. The AI lending firm said it remains focused on rapid growth, profitability, and AI leadership, citing exceptional credit performance, but investor confidence faded.