NU - Why did Nu Holdings stock go up today? Fintechs take charge

Shares of Nu Holdings (NYSE:NU) jumped 14.5% on Wednesday, as fintech stocks rallied on a broad risk-on day. NU shares closed at its highest level seen since mid-December - around the same time when the company debuted on the New York Stock Exchange. Aside from NU, fintech stocks that dominated Wednesday's session included, Block (NYSE:SQ) +10.3%, Qiwi (NASDAQ:QIWI) +5.1%, Ayden (OTCPK:ADYEY) +11.7%, Blend Labs (NYSE:BLND) +7.6%, Paysafe (NYSE:PSFE) +4.1%, SoFi Technologies (NASDAQ:SOFI) +6.1% and Lightspeed Commerce (NYSE:LSPD) +6.6%. Check out the list of stocks followed by people who follow NU here. The company has not announced meaningful catalysts in recent weeks, though it snagged a Buy rating at Goldman Sachs at the beginning of January. See why SA contributor Star Investments thought Nu Holdings was a Buy at the end of 2021.

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Why did Nu Holdings stock go up today? Fintechs take charge