Nu Holdings Stock Pops 10% In Pre-Market Trading — What's Driving It?

Group 1 - Nu Holdings Ltd. reported mixed earnings for the second quarter, with earnings of 13 cents per share meeting analyst expectations, while revenue of $3.66 billion missed expectations [2] - The company's customer base increased by 17% year-over-year, reaching 122.7 million, and the Monthly Average Revenue per Active Customer rose to $12.2, an 18% increase year-over-year [2] - The stock price of Nu Holdings increased nearly 10% in pre-market trading, following a 2.91% decline in the previous regular session, and has gained nearly 16% year-to-date [4] Group 2 - Warren Buffett's Berkshire Hathaway previously held a position in Nu Holdings but exited earlier this year, with no repurchase as of June 30 [3] - Nu Holdings launched its cryptocurrency arm, Nubank Cripto, in 2022, enabling customers to transact with cryptocurrency assets like Bitcoin and Ethereum [3]