We recently published a list of Pulse of the Market: Wednesday’s 10 Top Performers. In this article, we are going to take a look at where Affirm Holdings Inc. (NASDAQ:AFRM) stands against other Wednesday’s top performers.

The stock market regained momentum on Wednesday, with all main indices ending in the green, as investors cheered the Federal Reserve’s decision to keep interest rates unchanged.

The tech-heavy Nasdaq led the gains, rallying 1.41 percent, followed by the S&P 500 with a 1.08 percent gain, and the Dow Jones, by 0.92 percent.

Optimism spilled over into companies, with 10 particularly leading the charge. In this article, we have identified Wednesday’s 10 best performers and detailed the reasons behind their gains.

To come up with the list, we considered only the companies with a $2-billion market capitalization and $5 million in trading volume.

An entrepreneur launching her new brand on the company's platform, looking confident and joyful.

Affirm Holdings Inc. (NASDAQ:AFRM)

Affirm rebounded by 9.18 percent on Wednesday to end at $47.71 apiece as investors hunted for bargains following a two-day losing streak, dampened by news that it was unseated by a Swedish firm as the exclusive provider of installment loans at Walmart stores in the US.

On Monday, Swedish AI-powered payments and commerce network firm Klarna said that it bagged a partnership agreement with Walmart to provide Buy Now, Pay Later (BNPL) promotions to its customers, a program that AFRM has been offering to the retailer since 2019.

Klarna said it would partner with OnePay, a leading consumer finance app, to exclusively offer installment loans for purchases for Walmart stores in the US.

Following the agreement, customers will expect to see Klarna installment loan options in Walmart’s checkout channels in the next few weeks.

Meanwhile, AFRM said that it was expanding its credit reporting to Experian beginning April 1, 2025, to include all of AFRM’s pay-over-time products as it seeks to help drive greater transparency and responsible lending.

“The industry-leading move will enable consumers and lenders to make more informed decisions and help consumers build their credit histories,” it said.

Overall, AFRM ranks 4th on our list of Wednesday’s top performers. While we acknowledge the potential of AFRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as AFRM but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.