Nintendo stock hits 52-week high and new record following Switch 2 reveal (UPDATE)
Nintendo has garnered an insane amount of accolades and records through the success of the Switch, and there’s likely more to come before the system rides off into the sunset. That ride starts today though, as Nintendo has officially revealed the Switch 2, and it’s speeding out the gate with a notable achievement of its own.
Following the reveal of the Switch 2, Nintendo’s stock saw a major boost. On the NYSE, Nintendo stock climbed to $15.77, marking a 52-week high for the company. (h/t VGC). Things have dropped slightly since then, but nevertheless, the 52-week record is official.
Seeing stock soar means that Nintendo’s investors are quite pleased with what Nintendo showed in Switch 2. According to Kantan Games’ CEO Dr Serkan Toto, seeing the Switch 2’s name and form factor has assuaged fears of another Wii U-like misstep.
UPDATE: Nintendo stock has hit an all-time high in Japan following the Switch 2 reveal. As of today, Nintendo stock reached 9,775 yen, which is the highest point ever achieved in the company’s history.
