Upstart's Growth Concerns: Shares Plummet, Tech Sector Volatility
Update: 2025-11-05
Description
Upstart's shares plummeted over thirteen percent following mixed third-quarter results and a gloomy fourth-quarter revenue forecast, despite beating earnings per share expectations. The company's projection of two hundred eighty-eight million dollars in fourth-quarter revenue, below Wall Street's estimate, sparked concerns about slowing growth. Meanwhile, other tech giants like Amazon and Apple reported strong results, showcasing the sector's volatility and investors' focus on future growth projections.
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