Blackrock’s 30 Most Important AI Stocks

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21. Nu Holdings Ltd. (NYSE:NU

Number of Hedge Fund Holders: 54 

Nu Holdings Ltd. (NYSE:NU) owns and runs a digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, Germany, Argentina, the United States, and Uruguay. Following are some compelling reasons that make this company a promising investment opportunity. Firstly, the report for the third quarter of 2024 shows excellent growth. For instance, the monthly Average Cost to Serve Per Active Customer remained below the one dollar level at $0.7 per customer, showing the strong operating leverage of the business model. The company’s efficiency ratio improved 60 basis points quarter-over-quarter, reaching 31.4% and more than 300 basis points better than a year ago, despite the one-off expenses of $48 million associated with the repositioning of Nucoins. Secondly, the company is expanding Pix using AI on its app and WhatsApp. This may attract investors as this initiative aims to speed up processing, reducing transaction time by up to 60% without compromising the security ensured by the app. Moreover, the company also announced the acquisition of Hyperplane, a data intelligence company.

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