Market Chatter: Hit Pokemon Game Drives Sharp Rebound in Nintendo Shares

MT Newswires Live03-16

Nintendo (TYO:7974) shares are headed for their biggest weekly gain in a decade, adding about $14 billion in market value after the strong debut of Pokemon Pokopia, Bloomberg News reported Friday.

The game sold about 2.2 million copies in its first four days and drew strong player feedback, lifting Nintendo's stock about 19% for the week, according to the report.

The success helped ease investor concerns over rising memory chip costs affecting the Nintendo Switch 2 console, the report said.

Analysts said the early momentum may support the platform, though stronger sales data will be needed to confirm long-term impact, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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