From Nasdaq: 2025-01-06 00:10:43

Shares of Nu Holdings (NYSE: NU) stock fell 17% in December due to high inflation and volatility in Brazil. The company also announced a $150 million investment in Tyme Group, causing concern among investors. Despite this, Nu has shown strong growth and profitability since going public three years ago.

In the third quarter, Nu reported a 56% increase in revenue and added 5.2 million customers, with 98.8 million in Brazil. Warren Buffett owns 1.8% of the company through Berkshire Hathaway. Nu has long-term growth opportunities in Brazil, Mexico, and Colombia, making it a potential bargain for investors willing to weather short-term volatility.



Read more at Nasdaq: Why Nu Holdings Stock Sank 17% in December