Jim Cramer’s 21 Stock Calls: Micron, Affirm, and the Strength of the Data Center Complex

13. Affirm Holdings, Inc. (NASDAQ:AFRM)

Affirm Holdings, Inc. (NASDAQ:AFRM) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer noted a “great opportunity” in the stock, as he said:

Alright, what do we make of these numbers from Affirm Holdings, the king of buy now, pay later? This stock’s been roaring, up about 30% since its early April lows, but it’s still down 13% for the year, and it got hit hard today, off 5%. Why? Okay, last night, Affirm reported what I thought was a terrific quarter. This is now a very profitable business, and Affirm’s network has gotten a lot more powerful… I think you’re getting a great opportunity here.

Affirm Holdings, Inc. (NASDAQ:AFRM) provides a digital payment platform that enables consumers to pay for purchases over time through its point-of-sale solutions and app. Cramer was bullish on the stock during the April 8 episode, as he commented:

… If you want to play that theme, you know what, here we go again, I’d rather own Affirm, which I explicitly highlight in How to Make Money in Any Market. Affirm has democratized lending by providing financing in small increments for people who don’t have the means to buy things up front, and they do it transparently, showing you exactly when and how much you’ll be charged. I would rather go with a pioneer like Affirm and Max Levchin that has a strong relationship with the best of the best, Amazon, Shopify, Costco. That feels like the cleaner way to play this thesis. In a crowded field, I say go with the specials… And if you want to play buy now, pay later, oh come on, I’d rather own a pure play like Affirm, the democratizer of lending.