Affirm's Growth and Profitability Signal Strength, but Credit Risks and Competitive Pressure Loom

Affirm Holdings reported a 36% increase in gross merchandise volume to $13.8 billion and a 30% rise in revenue to $1.12 billion in its second fiscal quarter. Net income jumped 61% to $130 million, beating expectations. The company's growth is driven by strong partnerships and increased adoption of its buy-now-pay-later platform. Analysts are bullish on the stock, but credit risks and competitive pressure could impact its performance. The stock has fallen 40% since the start of the year, but could present opportunities for investors.