February 27, 2024

Taylor Daily Press

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Nintendo shares rose ahead of Switch 2

Nintendo shares rose ahead of Switch 2

Nikkei gives a healthy boost.

Although we at Daily Nintendo rarely deal with financial markets, this is certainly interesting news to share. Business news website The Wall Street Journal reported That is, Nintendo stock continues to rise. Why: The hype around the Nintendo Switch's successor is now in full swing.

Nintendo has had a strong year. With hits like Tears of the Kingdom, Super Mario Bros. The company had no complaints about Wonder and Pikmin 4. And also Super Mario Bros. The movie did a very good job. But it's precisely the lead-up to Switch 2 that ensures the stock will perform well.

Nintendo shares closed on Wednesday at 7,823 yen (or 48.98 euros) per share. This is a record number according to the Wall Street Journal, which also indicates that this increase provides another surprise. The Nikkei index of Japanese technology stocks closed up 2% to 34,441.72 points. This is the highest level the stock market has ended a trading day since 1990. This is partly due to the weak yen, but Nintendo's influence is undeniable.

Add to that the rumors of a new Nintendo Direct, and it looks like 2024 will be another successful year.

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