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Nintendo Stock Has a Lot to Prove This Week
The gaming giant has a potentially stock-moving event happening this week.
Shares of Nintendo (OTC: NTDOY) hit an all-time high last month. It may not seem to make sense at first glance.
Revenue has fallen sharply for the Japanese gaming giant, cut by more than half since peaking four years ago. The same can be said about Nintendo's bottom line. The market's also been wobbly in 2025.
But there's a reason for the upticks. After eight years, Nintendo is ready to roll out a new gaming console. The Switch 2 will hit the market later this year. The Nintendo Direct media event is scheduled for this Wednesday morning, offering more details on the platform beyond a teaser video put out earlier this year.
