Affirm Holdings Inc AFRM shares closed Wednesday up 9.18% at $47.71. Shares of technology companies are trading higher in sympathy with overall market sentiment after the Fed policy decision to keep rates unchanged.

What To Know: Affirm shares surged Wednesday following the Federal Reserve's decision to maintain its benchmark interest rate at 4.25%-4.50% and slow the pace of quantitative tightening.

Investors cheered the move, which signals a more accommodative monetary policy stance that could ease borrowing costs for consumers and businesses alike.

Affirm, a leader in the buy now, pay later space, stands to benefit significantly from stable or lower interest rates. The company's business model relies on extending credit to consumers for installment-based purchases, making borrowing costs a key factor in profitability.

With the Fed choosing to slow its balance sheet reduction by cutting monthly Treasury redemptions from $25 billion to $5 billion, financial conditions are likely to remain more liquid, potentially supporting consumer spending and loan demand.

The broader market also rallied on the news and Affirm's stock may have outperformed as investors viewed the Fed's decision as a tailwind for fintech lenders, particularly amid concerns over slowing economic growth and persistent inflation risks.

How To Buy AFRM Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock or creating a strategy in your 401(k) that would acquire shares in a mutual fund or another instrument.

For example, Affirm Holdings is in the Financial sector. An ETF will likely hold shares in many liquid and large companies that help track the sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, AFRM has a 52-week high of $82.53 and a 52-week low of $22.25.

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