Why Nintendo Stock Is Climbing Today
(OTC: NTDOY) stock is gaining in Thursday's trading as investors and analysts are warming back up to the prospects for the company's recently unveiled Switch 2 console. The Japanese video gaming giant's share price was up 1.6% as of 12:10 p.m. ET, and had been up as much as 2.9% earlier in the session.
Nintendo debuted its next-generation Switch platform in a short trailer video released last week. While the stock gained ground immediately following the reveal, subsequent commentary was more bearish, and prompted a pullback. However, bullish sentiment is taking hold again.
Nintendo showed the world its Switch 2 platform for the first time last week and also debuted a new title in its hugely popular Mario Kart series. The new platform will go on sale later this year, and builds on the successful concept of its predecessor with upgraded graphics performance and features.
Source Fool.com
