Nintendo shares hit a record high of 7,823 yen (roughly $54.14) on Wednesday, as reported by the Wall Street Journal.
Although they have risen steadily over the past year, shares have soared recently, with the WSJ citing “strong earnings” and the expectation of new hardware from the company to succeed the current one. Nintendo Switch. It’s no secret that fans have been clamoring for what we affectionately call the “Switch 2,” and it’s widely expected that Nintendo will finally reveal its upcoming plans at some point this year.
The breakdown below shows Nintendo’s stock price over several years. As you can see, its value has seen a massive increase over the past few weeks.
Nintendo’s record actions helped Japan’s Nikkei Stock Average hit 34,441.72, the highest end-of-day level since February 1990. The record still stands at 38,915.87 since December 1989, but it seems promising given the current figures. .
Of course, it’s likely that Nintendo’s stock price will fluctuate in the coming weeks and months as we anxiously await news of the “Switch 2.” There’s a good chance the company will release a Nintendo Direct sometime in February, but honestly, we don’t expect to see any major hardware announcements for a while yet.
What do you think of Nintendo stock’s recent performance? Do you think we’ll hear about the “Switch 2” soon? Let us know with a comment.
Gn tech
