Analysts' Top Technology Picks: Affirm Holdings (AFRM), Diodes (DIOD)We encourage investors to build positions even with the stock up 12% (to $73.77) after hours. We note that shares have been volatile, which makes sense to us given the immature nature of BNPL and what we consider overwrought consumer credit fears. The pattern has been generally higher, however, as the company continues exceeding expectations, performance that we attribute to its leading tech, broad solutions, superior partner relationships and pace of innovation. Affirm is the undisputed BNPL leader, in our view, in an emerging consumer tender category with just over 1% of U.S. spend. Over time, we anticipate BNPL will capture a larger share of discretionary spend and Affirm will be the principal beneficiary. We reiterate our thesis that younger consumers are tired of unflexible and predatory bank products.