"Shares of buy now, pay later stock Affirm ( NASDAQ: AFRM) are gaining attention. All after analysts at Needham upgraded the stock to a buy with a $100 price target. The firm added that, "AFRM has submitted an application to establish Affirm Bank, a proposed Nevada-chartered industrial loan company," as quoted by CNBC. We have to consider that BNPL is only expected to explode as Americans take on more debt."
"Shares of CoreWeave ( NASDAQ: CRWV) are up 12%, or by $12.51 on the day. For one, Nvidia just invested $2 billion to expand AI data center capacity. "This deal allows us to accelerate our build, which will lead to continued diversification and reducing dependency on any particular client as we scale into this additional data center capacity," CoreWeave CEO Mike Intrator told CNBC. Analysts at Deutsche Bank upgraded CRWV to a buy rating with a $140 price target on the Nvidia news."
Affirm received a Needham upgrade to buy with a $100 price target and has submitted an application to establish Affirm Bank, a proposed Nevada-chartered industrial loan company. BNPL usage is rising as Americans take on more debt; shoppers used BNPL to spend about $20 billion between November 1 and December 31, a 9.8% year-over-year increase. The global BNPL market is projected to reach $560 billion to over $900 billion in transaction volume by 2030, with the U.S. market expected to reach $198 billion in 2026. CoreWeave shares rose 12% after Nvidia invested $2 billion to expand AI data center capacity, and Deutsche Bank upgraded CoreWeave to buy with a $140 price target.
Read at 24/7 Wall St.
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