What Happened After Jim Cramer Talked About These 13 Stocks

2. Upstart Holdings Inc. (NASDAQ:UPST)

Number of Hedge Fund Holders: 39

When a caller admitted they knew nothing about Upstart Holdings Inc. (NASDAQ:UPST) but were thinking of going all-in, Cramer offered a hard “no” and proposed another bank. Here’s what he said back then:

“Okay, this is a bank holding company that is artificial intelligence, and I’ve got to tell you, I don’t like it. There are so many good banks. Why not buy JPMorgan at a discount? I think that when you look at Upstart versus JPMorgan;  I have to tell you, my stunning conclusion given the fact that you don’t know all that much about it, is that JPMorgan’s a better bank than Upstart.”

Jim Cramer’s suggestion was wrong however, with the stock rising by an impressive. 91.72% since then, even after a recent pullback.

Upstart Holdings Inc. (NASDAQ:UPST) is a cloud-based lending platform that uses artificial intelligence to assess creditworthiness, aiming to offer more inclusive and accurate loan decisions beyond traditional FICO scores