Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom
Publishing timestamp: 2023-12-28 11:54:02
Summary
Affirm shares have rebounded significantly in 2023, outperforming other U.S. tech companies. The company's partnerships with Amazon and Walmart, as well as the growing popularity of buy now, pay later services, have contributed to its success. However, there are concerns about competition from established players and the risk of users failing to make payments on time.
Sentiment: MIXED
Tickers: LC, AMZN, WMT, PTON, UPST, JPM, SQ, AFRM, NVDA, OMF, COIN, WFC, AXP, SOFI, C, PYPL, SMCI,
Keywords: breaking news: technology, wells fargo & co, amazon.com inc, super micro computer inc, paypal holdings inc, sofi technologies inc, citigroup inc, walmart inc, upstart holdings inc, onemain holdings inc, peloton interactive inc, lendingclub corp, nvidia corp, coinbase global inc, american express co, internet, jpmorgan drn, block inc, affirm holdings inc, business news, technology,
Source: https://www.cnbc.com/2023/12/28/affirms-stock-quintupled-this-year-beating-all-tech-peers.html