Nintendo stock surges to record high after Switch 2 pre-orders sell out [Yahoo! Finance]
GameStop Corporation (GME)
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Source: Yahoo! Finance
The rally comes after pre-orders for Nintendo's Switch 2 console sold out in the US. The 7% stock price surge catapulted Nintendo's market value to $92 billion. The move: Nintendo's ADR shares surged as much as 7% to $19.82 on Thursday, a record high. The gains continued on Friday, with Japan-listed Nintendo shares popping another 4% higher. This embedded content is not available in your region. Why: The surge, which catapulted the company's market value to $92 billion, was sparked by the company's Switch 2 pre-order window opening up in the US. And those pre-orders sold out fast. As of Thursday afternoon, pre-orders were sold out across retailers, including Best Buy, Target, GameStop, and Walmart. The console's pre-order date was postponed due to the Trump tariffs, as Nintendo sought to better understand their potential impact on its business. While Nintendo didn't increase the price of its Switch 2 following the Trump tariffs, it did increase the price of Switch 2 a
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