3 AI Stocks to Buy Now - Upstart Holdings

Artificial intelligence is definitely one of the most fascinating technologies in the world today. It's pretty clear that AI use cases span almost every industry, whether it's using machine learning to make companies more efficient, leveraging AI to improve consumer finances, or building self-driving vehicles. The global artificial intelligence market is expected to grow at an annual rate of 40.2% from 2021 to 2028, meaning it's hard not to join the companies involved in the adoption of this intriguing technology. With more and more organizations deciding to implement AI in some way, and the global pandemic fueling the industry's market growth with secular trends, investing in the stocks of businesses that are at the forefront of AI could really pay off in the next few years. That's why we've put together a list of “3 AI stocks to buy now” to help investors make the right choices.

2.Upstart Holdings

This company is a perfect example of how AI technology has the chance to disrupt nearly every industry. Upstart Holdings has developed a cloud-based artificial intelligence loan platform that streamlines the loan process for both creating and lending. Upstart Holdings (NASDAQ:UPST) has transitioned from simple FICO-based approval models to one powered by artificial intelligence to improve consumers' access to credit. While banks and corporate lenders are drawn to the company's AI platform as it reduces the risks and costs of lending, consumers rejoice the sooner they can get approved for a loan. The company's system is constantly learning and optimizing in response to daily credit-level repayment and default data; which means that its accuracy continues to increase over time. The company's Upstart report revenue grew 1,018% year-over-year to $194 million, and Upstart Holdings is definitely a beast to add to your shopping list. It is useful to take a look at the stock during the seasonally weak September for possible buying opportunities from the dip.       3 AI Stocks to Buy Now – Upstart Holdings Source: Investing.com