Reported 3 days ago
Warren Buffett's Berkshire Hathaway has sold a portion of its investment in Nu Holdings, a leading fintech firm, marking the first time Buffett has reduced his position since its IPO. Despite a 20% stake reduction, Nu's stock has shown remarkable growth, rising 245% since last year. The company's third-quarter earnings revealed strong revenue growth and a significant increase in customer accounts, indicating its robust market presence. While some investors are concerned, the fundamentals suggest this may be an opportunity for growth-oriented investors.
Source: YAHOO