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Nintendo shares hit record high amid expectations of Switch 2 and further Saudi investment
Nintendo's shares have hit a record high as expectations around Switch 2 continue to grow, and amid speculation Saudi A…
Nintendo's shares have hit a record high as expectations around Switch 2 continue to grow, and amid speculation Saudi Arabia is set to further invest in Japanese video game stock. That's according to Nikkei Asia(thanks VGC), which reports shares of Nintendo temporarily hit a record 7,902 today on Japan's Nikkei stock index - up 5% from yesterday - pushing the company's market capitalisation over 10 trillion yen ($69bn) for the first time since November 2007. Additionally, Nikkei Asia says there's strong speculation "oil money" is set to buy more Japanese video game stocks, given Saudi Arabia's controversial sovereign wealth fund, the Public Investment Fund (PIF), bought additional shares in Koei Tecmo Holdings earlier this week.
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