Wake Up With Breakfast News!

Wake up to the latest market news, company insights, and a bit of Foolish fun -- all wrapped up in one quick, easy-to-read email, called Breakfast News. Delivered at 7:30 a.m. ET every single market day. See an example of our weekday Breakfast News email & sign-up below.

Loading image...

Market Data Table

Breakfast News: Nu Holdings Lands Record Customers

May 15, 2026

Thursday's Markets
S&P 500 7,501 (+0.77%)
Nasdaq 26,635 (+0.88%)
Dow 50,063 (+0.75%)
Bitcoin $81,245 (+2.05%)

Loading raw_html...

Chart showing Nu Holdings' net income over the past three years, starting at $225 million in the second quarter of 2023 and rising steadily to $892 million in the fourth quarter of 2025.

1) Nu Holdings' Latin America Growth Continues

Nu Holdings (NYSE:NU) posted a 56% net income jump year over year (YOY) in its first quarter of fiscal 2026 yesterday, after customer numbers reached a new record -- up 14% YOY to 135 million. The outlook for the Latin American fintech platform is on scaling technology, including artificial intelligence (AI). But with credit risk growing and operating costs expected to rise, the stock fell by over 4% in pre-market trading this morning. The stock lags the S&P 500 by 11% since its 2023 Rule Breakers recommendation.

Over 15 million Mexico customers: Mexico was a highlight of the quarter, with Nu Holdings now the third-largest financial institution in the country -- achieving breakeven for the first time. It follows previous growth across the region.
"In Brazil, we surpassed 115 million customers": Founder and CEO David Vélez also spoke of "our position as the largest private financial institution in the country," as the company approaches 100 million monthly active customers.

Loading paragraph...

2) Cerebras Soars 68% on IPO

Cerebras Systems (NASDAQ:CBRS) made its highly anticipated stock market debut yesterday at an initial pricing of $185 -- raising $5.55 billion to nail it as the biggest initial public offering (IPO) of the year so far. The launch was oversubscribed more than 20 times, and the stock quickly spiked to $385, triggering a temporary trading halt. By market close, the price settled at $311, a 68% rise on the offer price -- and it gained a further 2% in overnight trading.

Wafer-scale AI chips: Market leader Nvidia (NASDAQ:NVDA) and other semiconductor makers etch multiple chips on the same wafer and cut it up to produce individual devices. Cerebras, instead, is the first company to commercialize making the entire wafer into a single massive chip, which can handle AI workloads faster and with less power.
Revenue up 76% in 2025 to $510 million: From revenue of just $25 million in 2022, Cerebras is growing impressively. But it's still way behind Nvidia, which reported nearly 380 times the data center revenue last year that Cerebras achieved.

Loading paragraph...

3) Thursday Earnings You Might Have Missed

Globant (NYSE:GLOB) gained more than 5% pre-market following the AI services tech's Q1 earnings. Though revenue dipped 0.7% in the quarter, it was still above the high end of the company's guidance. Annual recurring revenue from Globant's AI Pods subscription service soared to $32.8 million from $20.6 million in the previous quarter.
Applied Materials (NASDAQ:AMAT) revealed new revenue and profit records in Q2 yesterday, with non-GAAP earnings per share up 20% YOY, with its Semiconductor Systems segment driving most of the growth. Despite these gains, free cash flow fell 80% due to big spending on manufacturing capacity. The stock dipped 3% in early trading.
Figma (NYSE:FIG) climbed 10% this morning, after the cloud-based tools specialist saw growth accelerate in Q1. Fool analyst Tim Beyers noted, "enterprise software tools -- including SaaS tools -- are likely to be the greatest distribution mechanism for AI tools and technology."

Loading paragraph...

4) Futures Dip as Trump-Xi Summit Ends

Markets retreated sharply this morning, after both the S&P 500 and Nasdaq hit fresh all-time highs yesterday -- and the Dow ended above 50,000 points. In early trading, S&P 500 futures declined 1%, with Nasdaq futures down 1.5%.

"One thing he agreed to today, he's going to order 200 jets": As President Donald Trump's meeting with Chinese President Xi Jinping drew to an end, Trump told Fox News of a new deal with Boeing (NYSE:BA) -- though shares remained depressed after the company was hit with a $49.5 million penalty relating to the 2019 Ethiopian Airlines 737 Max crash. He also spoke of new farm goods deals, though Beijing has not confirmed anything.
Iran war costs: There were hopes China could be enlisted to help end the turmoil in Iran, while Xi warned of possible "clashes and even conflicts" with the U.S. over Taiwan. Meanwhile, inflation continues to drive up, while global bonds are in a rout -- with 10-year Treasury yields above 4.5%.

Loading paragraph...

5) Your Take

IPOs often pop on day one, then settle or pull back in the following weeks/months. Do you have the patience to wait for a better price, or does watching from the sidelines feel worse than overpaying?

Debate with friends and family, or become a member to hear what your fellow Fools are saying!

Loading paragraph...