Nintendo Stock is Up After Switch 2 Reveal

Posted by By our-little-miss-is-home January 16, 2025 2 Views 4 Min Read
Nintendo Stock is Up After Switch 2 Reveal

Summary

  • The reveal of the Nintendo Switch 2 boosted the company’s stock to $15.77 per share, a 52-week high.
  • Several Nintendo stock value jumps were recorded throughout 2024, largely tied to rumors about the upcoming console.
  • A Nintendo Direct will be held on April 2 to reveal more about the Switch 2.

Following the reveal of the Switch 2 console, the value of Nintendo stocks jumped to $15.77 per share, marking a 52-week high for the company’s trading price. Analysts and investors have been carefully monitoring rumblings about the next Nintendo console for over a year, and with the first official look at the next generation of gaming hardware from the Japanese company, shareholders are taking notice and driving up investment.

On January 16, Nintendo revealed the first look at the Switch 2 console, surprising fans across the globe. The company had previously confirmed that they would unveil the Switch successor prior to the end of the current fiscal year, which ends in March. However, many were not expecting an announcement to come so soon, prompting investors to quickly jump in and grab Nintendo stocks, leading to a new milestone for the company.

The Nintendo Switch 2 reveal confirms a new Joy-Con function

Related


Every Nintendo Switch 2 Change and New Feature Confirmed So Far

The Nintendo Switch 2 has undergone some major changes compared to the original, and some of these can be seen in its reveal trailer.

After the opening of the New York Stock Exchange on January 16, Nintendo share prices rose to $15.77, which marks the highest trading value for Nintendo stocks in the last year. Several Nintendo stock value jumps were recorded throughout 2024, with a majority of those peaks coming in tandem with announcements and teasers related to the Switch 2. Analysts were skeptical, though, about whether the new console reveal would be “too revolutionary,” and would instead result in a repeat of the unfortunate launch of the Wii U. However, the more “conservative” design and reveal of the Switch 2 seems to have pleased shareholders, as Nintendo stock purchases have risen and subsequently boosted value.

Switch 2 Reveal Boosts Nintendo Shares to Recent High

In addition to the Switch 2 console reveal, Nintendo’s trailer included an early look at what appears to the next Mario Kart game. Nintendo also confirmed that a dedicated Nintendo Direct focusing on the Switch 2 will be aired on April 2, giving fans and investors plenty of time to prepare for what may be unveiled. Perhaps hoping to drum up even more excitement, Nintendo announced that there will be early hands-on Switch 2 experiences coming to a number of cities across the globe. Analysts predict these exclusive events could further bolster the company’s stock value, though this remains speculative at this time.

As many look forward to the upcoming Nintendo Direct in April, early Switch 2 experiences, and a new Mario Kart game, others are keeping an eye on how this next console will shape the financial future of Nintendo. Interested fans will want to stay tuned for more updates on the Switch 2 and its potential influences on the value of Nintendo stocks.

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