Nu Holdings stock surged 12% following an unexpected first-round result in Brazil's presidential election, which sparked a rally in Brazilian assets. The digital bank's strong ties to Brazil, where it has nearly 118 million customers, drove the gain, contrasting with U.S. fintech peers Robinhood and SoFi, which saw minimal movement. The upcoming runoff election later this month could reverse the rally depending on the outcome. Nu Holdings also reported strong Q2 revenue growth and expansion into Mexico, but faces high Brazilian taxes and credit risks, making the election result a key factor for investors to watch.
Nu Holdings surged 12.73% on Pluang to USD 15.14 as of Oct 05, 2026 20:02 WIB, reflecting strong investor interest after Brazil's election shock. Robinhood edged up 1.16% to USD 114.05, while SoFi was nearly flat, down 0.16% at USD 15.73. Nu's market cap stands at $64.88B, showing notable market confidence amid election uncertainty.
