The stock price of Nu Holdings (NYSE: NU), a fintech company based in Latin America, has had a strange journey. In 2022, its shares lost more than 50% of their value. Then in 2023 the stock more than doubled in value.

This is a volatile holding, but underneath is one of the highest-quality businesses on the market today. And the company happens to be backed by several billionaire investors, including an investing legend.

Despite a rocky performance in recent years, Nu looks like one of the highest-upside stocks you could add to your portfolio this year.

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Source Fool.com