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Why Shares of Affirm, Upstart, and Nu Holdings Are Rising Today

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Affirm, Upstart, and Nu Holdings Are Rising Today

Shares of several high-growth fintech stocks rebounded Tuesday after a brutal sell-off last week that was triggered by the Federal Reserve's decision to hike its benchmark interest rate by 75 basis points. Shares of the "buy now pay later" (BNPL) company Affirm (NASDAQ: AFRM) had risen by roughly 12.6% as of 11:11 a.m. ET Tuesday. Artificial intelligence-powered lending tech specialist Upstart (NASDAQ: UPST) was nearly 12% higher, and shares of Brazilian digital bank Nu Holdings (NYSE: NU) were up by more than 13%.

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