Nintendo shares climbed as much as 6.8% on Tuesday for the third straight day, with Bandai Namco and Konami each up more than 9% as Japanese investors rotated out of AI-cohort names.
I’m not a markets expert, but I’ve always heard that Nintendo in Japan is a somewhat safe stock so this is probably investors fearing the AI crack and moving towards a stock that isn’t too invested in AI and was already safe to begin with.
Did nintendo actually -do- anything for this surge, or is this just the effect of money being sloshed?
Our economy and stonks market is completely detached from reality.
I’m not a markets expert, but I’ve always heard that Nintendo in Japan is a somewhat safe stock so this is probably investors fearing the AI crack and moving towards a stock that isn’t too invested in AI and was already safe to begin with.
So its not about the company but about somewhere “safe” to park money
Once upon a time we called those government bonds.
It’s Nintendo Japan we’re talking about. I’d argue that their stock is safer than government bonds.
Simultaneously that is not my point, but you’re also correct.
Nintendo has extreme amounts of liquidity. They could operate for years without any income
Which makes sense. The stock market is gambling and most odds do not factor in the imminent AI IPOs.