Fair Isaac Corporation
FICO · Technology
$1,103.68
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Stock Market Midday, Sept. 4: Stocks Edge Lower on Strong Jobs Report as Lululemon Plummets
Major stock indices declined on September 4, 2026, as a stronger-than-expected August jobs report (162,000 jobs added) sparked renewed concerns about potential Federal Reserve rate hikes. The S&P 500, Dow Jones, and Nasdaq all fell, with Lululemon experiencing a significant 18% drop due to declining revenue and lowered guidance. Memory stocks like Micron Technology gained despite broader market losses, while Fair Isaac plummeted following pricing criticism from the Federal Housing Finance Agency.
Prediction: This Artificial Intelligence (AI) Stock Is Going to Double by 2027
Upstart, an AI-powered loan assessment company, is predicted to double by end of 2026 despite being down 35% year-to-date. The company reported strong Q2 2026 results with 42% revenue growth and record loan approvals of 558,014 loans worth $4.2 billion. Trading at a P/S ratio of 2.6 versus its three-year average of 5.5, the stock appears undervalued. Management forecasts $1.4 billion in annual revenue for 2026, suggesting significant upside potential.