December 21, 2021 | Back in June of this year, we asked whether Upstart Holdings (UPST) would prove or discredit the use of “artificial intelligence” or AI in the credit underwriting process. UPST then went on a Fed-fueled tear, combining the hype factor of AI with quantitative easing (QE) c/o the FOMC to rise nearly 300% at one point this year, far outpacing other stocks and even crypto assets of all descriptions. In this Premium Service edition of The Institutional Risk Analyst, we take another look at UPST and also update our readers on the company formerly known as Square, now Block Inc (SQ) as in perhaps blockchain? Founder and CEO Jack Dorsey has stepped down from his other company, Twitter (TWTR), presumably to focus on SQ. Of note, the two very different firms have remarkably similar stock performance over the past six months. Call it karma? Or are both TWTR and SQ just two badly inflated stocks losing altitude as the FOMC ends QE?