Affirm Holdings, Inc. (NASDAQ: AFRM) saw its stock soar 5.26% in pre-market trading on Thursday, following news of accelerated global expansion plans with e-commerce giant Shopify Inc. (NASDAQ: SHOP).
The surge comes as investors react positively to the announcement made on April 9th, where Affirm and Shopify revealed their intentions to speed up their international growth strategy. This partnership expansion is likely seen as a significant opportunity for Affirm to increase its market presence and potentially boost its revenue streams.
While specific details of the accelerated expansion were not provided in the news, the market's reaction suggests high expectations for the partnership's potential. As Shopify prepares to release its Q1 earnings results, investors will be keen to see if there are any further updates on this collaboration and its impact on both companies' growth trajectories.
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