Nintendo's value reached a record high. The success of the Switch 2 made it the fifth most valuable public company in Japan
On June 18, the price of Nintendo shares reached 13,260 yen ($91.55) each. This is a record.
As a result, the market capitalization of all Nintendo exceeded 17.22 trillion yen ($118.87 billion). This places it as the fifth most valuable public company in Japan, with only Hitachi, Mitsubishi UFJ Financial, Sony, and Toyota valued higher.
Bloomberg noted that since last week, Nintendo's share price increased by 7.1%. Investors reacted to the initial sales of the Nintendo Switch 2, which sold 3.5 million units in its first four days, earning it the title of the fastest-selling console in history.
How Nintendo's stock price has changed over the past 12 months
Additionally, analysts interviewed by Bloomberg suggested that investors began buying Nintendo shares due to the complex tariff situation in the USA. They believe that game developers are less affected by it compared to others. Therefore, investing in Nintendo could be a way to protect against global volatility.