Upstart Holdings Inc. (NASDAQ:above) is one of the Cheap AI Stocks to Buy According to Analysts. On May 19, Upstart appointed Tim Wennes to its board of directors, effective May 28. He succeeds Jeff Huber, who is stepping down after five years of service on the company’s board of directors. Wennes brings more than 35 years of financial services experience and most recently served as president and CEO of Santander Holdings USA, where he led a digital and strategic transformation.
His experience includes executive leadership positions at MUFG Union Bank and Countrywide Bank, with experience across all consumer lending segments, particularly automotive financing. While this announcement focuses on executive governance rather than a technical product launch, both leadership and Wennes highlighted the appointment as a strategic move during a period when AI is becoming essential to financial services.
Copyright: rawpixel / 123RF Stock Photo
Previously, on May 5, in its first-quarter 2026 earnings report, Upstart Holdings Inc. (NASDAQ:UPST) reported that the company advanced its artificial intelligence models in the quarter to continue boosting its core platform. More than 100 banks and credit unions use Upstart’s AI models and cloud applications to offer lending products, allowing lenders to approve more borrowers at lower rates while providing a digital experience. During the first quarter, 91% of loans facilitated on the Upstart marketplace were fully automated.
Upstart Holdings Inc. (NASDAQ:UPST) operates a cloud-based artificial intelligence lending platform that uses machine learning models to assess credit risk and process unsecured personal loans, small-dollar loans, HELOCs, and retail and auto refinance loans.
While we recognize UPST’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: 33 stocks that should double in 3 years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.