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Up Over 500% YTD: Can These 2 Hot Stocks Keep Climbing?


Published on 2024-12-05 20:01:10 - MSN
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  • SoundHound AI (SOUN) and MicroStrategy (MSTR) stocks have been on a meteoric rise in 2024, each climbing more than 500% year-to-date. To be specific, SOUN stock has surged an impressive 521% year-to-date,

The article from MSN Money discusses the impressive year-to-date performance of two stocks, Upstart Holdings (UP) and Fidelity National Information Services (FIS). Upstart, a company specializing in AI-driven lending, has seen its stock surge by over 100% in 2023, despite a significant drop in 2022. This resurgence is attributed to Upstart's innovative approach to credit assessment, which has attracted attention from investors looking for growth in the fintech sector. On the other hand, Fidelity National Information Services, a major player in financial technology services, has also performed well, with its stock increasing by over 500% year-to-date. This growth comes after a challenging period marked by a failed merger and subsequent restructuring efforts. The article questions whether these stocks can maintain their upward trajectory, considering factors like market conditions, company performance, and broader economic trends. It highlights the potential for continued growth but also cautions about the volatility and risks associated with such rapid stock price increases.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/up-fidelityover-500-ytd-can-these-2-hot-stocks-keep-climbing/ar-AA1vlbNl ]
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