We have some extremely concerning news to share about the state of Nintendo stock on the Tokyo stock market.
When the stock market opened today in Japan on November 16, Nintendo stock was trading at 35,010 yen. Over the course of the day, it had plummeted to 31,860 yen. In just half a day, a shocking 9.10% (3190 yen) of Nintendo’s value has been wiped out.
What could be the trigger behind the crash? November 16 is the release date of Pokemon Let’s GO Pikachu/Eevee, so retail investors may not be very confident in the game doing well and started unloading their shares.
What do you think? Let us know in the comments.
Update: According to Nintenderos, the reason is due to Nvidia’s poor fiscal earnings. Nvidia supplies the chips for the Nintendo Switch.