Why Nintendo Stock Is Jumping Today

(OTC: NTDOY) stock is climbing in Thursday's trading. The gaming company's share price was up 2% as of 2:45 p.m. ET and had been up as much as 3.5% earlier in the daily session.

Nintendo stock is climbing today following the initial reveal of the company's upcoming Switch 2 video game console. The new system is the follow-up to the Japanese gaming giant's hugely successful Switch platform and is scheduled to launch later this year.

In a promotional video released today, Nintendo took the wraps off its Switch 2 platform. The new system looks quite similar to the existing Switch system from a hardware design standpoint, but will feature improved graphical capabilities, control interfaces, and ports for USB devices, headphones, and other peripherals. Nintendo will share more news about the console in a stream scheduled to take place on April 2.

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Source Fool.com