NU - Is Nu Holdings Stock a Millionaire Maker?
2024-06-21 03:55:00 ET
Nu Holdings (NYSE: NU) probably hasn't minted any new millionaires since its IPO on Dec. 9, 2021. The Brazilian digital bank went public at $9, but it dropped below $4 a share over the following two years before bouncing back to about $12.
But through all of those wild swings, many major investors stayed bullish on Nu's growth potential. Warren Buffett's Berkshire Hathaway , for example , still holds a 2.2% stake in the company. So could Nu eventually generate millionaire-making gains for its investors who can tune out the near-term noise?
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Is Nu Holdings Stock a Millionaire Maker?