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Why Shares of Nu Holdings Are Rising Today

·2-min read

Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) traded roughly 5.6% higher as of 12:15 p.m. ET today for no obvious reason, although the stock, as of this writing, was outpacing broader benchmark indexes. The Latin American digital bank disruptor has the backing of huge investors like Warren Buffett and Berkshire Hathaway and the large venture capital company Sequoia Capital.