Nintendo's Share Price Dips Following Its Big Switch 2 Reveal

Nintendo’s stock has always hovered around the $10-$16 mark over the past several years. No one’s worried. It’s really not a good stock to invest in other than getting to say you own a piece of Nintendo.

Probably dipped due to some people being underwhelmed with the Switch 2. I don't think it's something to really worry about. Once this thing is shown more and finally released I expect it to sell well.

Good time to buy

Short of a complete sell-off, you should never make any inferences based on one day's change in the value of a single stock.

If there is nothing to worry about, then why put it on the front page with a headline that incites confusion and worry?

We shouldn't worry about the bank reserves of a company that is known for being conservative and stingy, but that video seemed to appeal more to investors than to gamers. They showed an upgraded Switch and the successor to the best-selling Switch game/port.

Share prices go up and down all the time. Correlation does not imply causation.

It’s literally up from a week ago, at least you guys said “dip” unlike Eurogamer who seems to have some beef against Nintendo for the reveal…

I love Nintendo and will buy Switch 2 on release.
But the trailer felt really forced and disappointing and this could be a reflection of it.

• A Mario Kart that looks as if it could run in the current Switch which is already 2+ gens behind. Definitively not an impressive game in terms of the console's power.
• No hint/tease of solving the huge Drift issue
• Just showed what everyone else had already leaked at least a week ago
• Expectations were already as high as predicting a March release date. But we only got a Direct date due in 3 Months to know the real lineup, release date and specs
• For being the most family friendly targeted console , those console’s controller connectors really look like a breakable point of weakness. Even if they don't end up being as weak as they look, the internet is already full of articles criticizing and/or fearing about those, which only helps explain this drop.

I am still excited for it and will buy day-one, but for the little that they showed, I was disappointed

Historically, the dip happens almost every time Nintendo reveal a new console.

No surprise there. Their stocks always drops
after a new reveal.

Oh man and I wrote, that I felt the reveal was aimed at shareholders, instead at my inner joyful child. Now I wonder who the target audience was.

@Jhena You were right. It was aimed at shareholders, but this dip would have happened regardless of the target audience.

It’s the market correcting itself after a rise over last few days and a meh reveal. Nothing to see here.

@Jack_Goetz
Yeah, some posters mentioned how it always dips after a reveal. Do you know why? I do not even really know the difference between a shareholder and a stakeholder.

I mean, surprise reveal?

It will skyrocket when Switch 2 gets released

Nintendo are doing good.

I think it would have been worse had they not showed Mario Kart 9 though. And if they had focused more on games in the reveal, I think the stock would have risen.

Wrote a comment about the stock marked on monday after the rumors of the Switch 2 reveal might not show games:
"I think only focusing on the console and not also the games in the Switch 2 reveal will be a big mistake.(...) Can imagine the Nintendo stock might take a dive if this turns out to be true. (...)"

Nintendolife wrote:
"To elaborate, the reveal trailer will supposedly focus entirely on the console itself, with Nate the Hate stating that "there is not going to be any presence of games"." https://www.nintendolife.com/news/2025/01/rumour-switch-2-will-reportedly-be-officially-revealed-this-thursday

I wonder if Nintendo always planned to show Mario Kart 9 in the reveal, or if it was included after almost everything about the console itself was leaked before the reveal.

@Jhena To be honest, I'm not entirely sure myself, but it could be to do with a range of factors such as lack of confidence in the product, the fact that a dip is historical (so shareholders get cold feet), sales for the current hardware about to fall as a result of the reveal, etc.

Probably dipped because the Switch 2 doesn't travel through time or whatever unrealistic nonsense they thought it could possibly do before it was revealed

@Jack_Goetz
Thanks, those are good points and I feel, that I understand the reason for the dip better now.

I mean, it is an underwhelming reveal. It's Switch 1.5, an iterative improvement on basically the same thing rather than what Nintendo is actually known for and good at - innovative leaps in design and function (rather than just power creep). We may be looking at another Wii U.

@John_Deacon Well put. Though, I still have no understanding who determines what a share price is and I doubt I ever will! People who own them already? In which case, why say they are less, or people who don't own them and shout stuff on the stock exchange floor? And by what numbers? And why do they get to decide. Lol. It is so confusing to me!

New hardware is always a time of risk. Which, by nature, dents the share price.
Manufacturing investments, building a new base, advertisement, will people like it or not like it, so on so forth.

Looks like Nintendo is DOOOOOOOMED again.

The hardware part felt more like an Apple presentation, tbh. So, yes, aimed at shareholders. But shareholders didn't get any relevant information like a concrete release date or price. It could be released in Q4 for EUR/USD 500 for all we know.

@Lofoten The MK9 part is clearly tacked on. There's a very obvious cut between the two parts of the reveal. They wanted to keep their options open as to what they were about to reveal. Now whether they decided to include it at the last minute because of the leaks, we can't say of course.

If you ask me, the smarter thing might have been to include some new MP4 footage instead. MK9 doesn't look that next-gen, tbh, and they might've saved that reveal for April.

Well… psychology of the stock market…

People bought pre reveal and were always going to sell at the peak (presumably the reveal)

So it makes sense to see a “dip” after the reveal as traders try to make a quick buck selling their shares.

Just proving that once again, investors know absolutely nothing about video games

@Olliemar28 you're probably right. "Dip" seems less alarming than "drop".

The drop is probably just because it’s not releasing in Q1. It was always a longshot this was happening but with the possibility off the table this reduces a little of the projected l revenue for this year. No big deal

@Qwiff Agree. But sadly MP4 looks as "weak" too. It's trailer showcased last year also didn't look that next-gen. Because it was built to be played on the current Switch too, don't think it will look impressive on the Switch 2 either. Probably this will hold it back.
Sadly I kind of agree with @FantasiaWHT, looking like a Switch 1.5 with one of the smallest innovative leaps we've seen between Nintendo Consoles.... And after 8 years.
Hope I am wrong

@Qwiff Mario Kart 9 was a far better choice at this point than MP4. We know Metroid exists for starters and will be on the current Switch but Mario Kart is a substantially bigger brand, with MK8 alone selling 4 times as much as the entire Metroid series

@Diowine
Switch2, controllers without drift, buy one, buy them all .. buy them all .. buy them all ..
<@all which game intro was this?>

Eh, just means it's On Sale.

Nintendo has proven time and time again that they're resilient even in the worst of times.

investors are probably upset at the delay as to when switch 2 will be released either in late may or june.. nintendo switch sales have been decreasing the last few years that will hurt the stock price..and investors confidence.. just a temporary blip..

Nintendo should revealed the switch 3 so the stock is up again lol.

enjoy the experience is a different culture than enjoy the money betting on the enjoyment that the experience brings culture. i sold my stock, kept the pilot zone. a crimson bratwurst death to protect for some of ours.

@Jhena @Mana_Knight Because of particular circumstances, I invested in the stock market. I made money, but I don't feel like doing it again because it's stressful and risky. It's basically financial trends prediction. The shares rise and fall depending on the predominant predictions that take into account global circumstances, the most important being recessions and booms, but also the state of the market alternatives and their projection. In this particular case, they might be predicting the diversity of the video game market growing and, like another user said, the drop of Switch sales after announcing its successor. The uncertainty also plays a role often and the trailer was full of it.

@cmbaum yeah, I was going to say this. The drop is probably motivated by lack of release date info. I don't think there's anything more to read in this.

The stock market is ridiculously emotional and reactionary, and it will do what it always does. Even Apple's and Nvidia's stock prices dip sometimes after a reveal/conference.

That said, I do think Nintendo needed to take control back from all the leaks and tease at least one more big game, a visually explosive moment in the reveal like a glimpse of 3D Mario or a big current-gen third-party. Or at least making it clear that the new Mario Kart is more than meets the eye, because at first glance the graphics look pretty comparable to MK8. Even Kit and Krysta were underwhelmed for pity's sake.

Cue people who have no idea how the stock market works putting a magnifying glass on this and correlating it to their personal feelings about the trailer.

@carlos82 That's exactly my point. If they wanted to maximize the surprise, in terms of new games, they would've saved the MK9 reveal for April. You can't buy the game or the hardware anyway, so what's the point of revealing the sequel months in advance, while MK8 is still selling well?

But I get the thinking. MK is their best-selling title by a huge margin, so from that perspective it's an obvious part of the presentation.

It would make sense to sell short for at least a few months, because their sales are going to tank from now until the S2's preorder date, if not its launch date.

@Bulborb Mario vs. Donkey Kong, on both the GBA and Switch versions.

I admit it could've been presented with one more game to go along with Mario Kart (which for me could be titled Mario Kart Rally, it does look like it could be a rally racing game this time, kind of like Famicom Grand Prix II: 3D Hot Rally or OutRun), but really all I read people want is a more powerful Switch, and that's probably what we're getting.
What else were you expecting? That it made you a sandwich?

Granted, that Mario Kart may not look that different from Mario Kart 8/Deluxe, though.

@DripDropCop146

Because it's Nintendolife....

Clueless article, it's called taking profits!

@Banjo-
Thanks for the extra info. I am convinced, that investing in the stock market is not for me.

@Diowine I don't think the Mario Kart looked last gen, but I seem to be in the minority. I don't expect Switch 2 to be a handheld PS5 Pro, I don't know why people talk about it being "already generations behind", it's a handheld! Unless you want it priced up there with the high-end Steamdecks, it's not going to be on a par with the current gen home consoles. It just can't be.

And they're not going to say "and the drift issue is solved!" because that acknowledges and reminds you that there was an issue with the previous console. Marketing 101: don't remind people of previous bad experiences with you.

As for them just showing the leaked stuff? Yeah but it's not their fault that others leaked all that. It was clearly a cut from a larger planned reveal that wasn't ready yet, rushed out because of the leaks.

I don't know where the expected March release date came from? But can we really criticise them for people believing a random rumour that turned out not to be true? Doesn't seem like that one's on them. You believed a lie from someone else.

The controller connectors, I dunno. I'd like to think they have stress tested the poop outta these and they do look designed to funnel the joy cons in properly and not allow twist in the wrong angles but time will tell. I'm not going to criticise them based on an assumption of something I've no experience with yet. It looks to me not unlike the connectors that used to be in cartridges for the Megadrive/Genesis and N64, and they were fine with most kid's using them.

Yeah the whole thing was a bit flat, but ultimately that's because their hand was forced by leakers and impatient and frankly entitled gamers kicking up a fuss. And any additional disappointment from rumours not being true is on the individual for believing them, not Nintendo.

I'm more worried they don't have a Zelda game with which to launch it. If they're pinning their launch on Mario Kart 9, then I am worried about that. Maybe they're gonna use Metroid Prime 4? Not that Mario Kart isn't a top seller or that Mario Kart 9 won't be a good entry in the series, but I definitely am not spending $300+ on a console to play more Mario Kart. I got the Switch at launch because I needed to play BotW.

@HammerGalladeBro
Spot on!

I'm with you. People like to crunch the numbers to compare devices but that is not working. Also expecting that the visual fidelity is way better than last generation. PS5Pro is failing to deliver substantial improvement, so what are we talking about. Nintendo is always about fun.

God has forsaken us.

Buy now before Switch 2 release, sell after.

@DripDropCop146

"Nintendo's Share Price Dips Following Its Big Switch 2 Reveal"

Is purely factual.

Doesn’t mean anything. Some shareholders are mad Nintendo didn’t invent an entirely new gimmick. Watch them rebound during launch week.

You don’t need to find new ways to invent the wheel everytime if you got a solid foundation.

Personally hope it dips more because it would be one of those safe investments at this point when it inevitably spikes up.

@Ogbert not wanting to be overly pessimistic but point by point on your answers:

• Never expected PS5 Pro, PS4 Pro at best. But doesn't the shown MK look like it could be run on the current Switch? Which was already underpowered 8 years ago compared to other consoles. Just saying not impressive, and impressive is what the first showcased game should aim for.
• Of Course they are not going to say Drift Issue solved, but on the 0:44 mark of the video they show/tease it as just being the same getting bigger. If it is using Hall Effect tech they would have ways to tease it in that kind of video without telling.
• Agree, but it was expected and announced that they would be leaked in CES2025. Nothing should have stopped them from releasing this video at least one weak before and problem solved.
• Yep not on them. Agree. Just saying it was a let down. If one year ago they said that during this fiscal year they would show the new system, and 2 months prior to the end of said fiscal year the only thing shown is a tease and date for when the System will be properly showcased without even a Release Date Range (at least give me the quarter) then people are expected to be dissapointed.
• I hope the same, but anyways these connectors caused distrust around the web with a lot of articles already about it. At first sight it doesn't look like their best. Maybe they are perfect, but just another reason for the noise around the video.

All in all I think we are on the same page at the end. A little flat presentation but I will buy it for sure, know their IPs are the important thing and hope that it is not just a new WII U.

Too safe, too similar, harder upsell for the massive casual audience, so it won't sell as well. Is what I figure they're thinking.

Why would anyone "worry" unless they held stock?

Here's the problem with Nintendo being Nintendo. Every knows Nintendo to be wacky and out of their minds when it comes to releasing consoles. The issue is when they do something out of the norm either it's TOO gimmicky and leads 3rd parties running away after the first 2 years. Plus, in some cases the gimmicky sacrifices process power leading to even more devs running. When Nintendo decides to play it safe you have the Nintendo faithful from different generations cry it's not weird enough. I tend to be in the camp of "they finally allow my purchases to transfer so I don't have to rebuy games." April is still a long way out and who knows there might be an attachment that allows you to feel the psychic thoughts of Mario and the need to jump on everything he sees.

Traders usually buy on the rumour, and sell on the news. This is totally typical stock market behaviour

Seems like a great opportunity to buy!

The Switch 2 will sell like hotcakes; meanwhile, existing Switch owners will continue to buy Switch games.

It's not going to be revolutionary, but all indications are it will be a steady transition, and that's good for the bottom line.

Omg the share price!!! WHARRRGARBL

I think the most normal price would be 450$ to 500$

@Diowine "But doesn't the shown MK look like it could be run on the current Switch?"

It looks like a game. Game 'graphics' as a whole feel like they've reached a point where it feels like there's genuinely no actual generational improvement or difference that can be noticed. That it all just becomes noticeable only when someone obsesses way too hard and stares at every single detail.

As long as a game looks good, is fun to play, and runs fine, that's pretty much all that should matter when it comes to them.

And besides, the Mario Kart was barely even a teaser. Best to just wait until actual footage of the game is focused on instead of doom and gloom.

Considering we know Nintendo has billions just sitting in the bank. No I'm not worried for a second.

Why do the shareholders always do this?

There's been plenty of justified criticism of the reveal imo. Can't see this one flying of the shelves anything like the original

Oh man I don’t know how many times I have to repeat that Mario Kart 9 has NOT been announced
I know we’re desperate to see some games but there’s just no way that clip was real.

@Diowine Considering the large number of leaks that were proven to be real after the official Nintendo reveal, it stands to reason the Hall Effect sticks leak is also real, which would mean stick drift will be a non-issue.

Regarding release date: Genki is releasing their accessories in April. It would make sense that Switch 2 is therefore also releasing in April.

About the joycon connectors: they appear to be flush with the system. I think even with kids rough-housing, you'd have to be pretty unlucky to break it. Considering Nintendo went through the trouble of fixing the faulty pin setup with current joycon, I doubt they'd go ahead with a different flaw that would see mass repair tickets being sent out.

Lol things like these happen all the time.
This machine will be sold out asap.

NINTENDOOMED!!!

We don’t owe Nintendo anything. Not our sympathy nor out money.

@Koffeeking0407 Idk where you got that 10-16$ from, but it's been over 50$ for a while, 58$ right now. They did a stock split, before which it was over 400$ and then was 40$ and then has gone up since then.

@sanderev Shares went sharply up right before the reveal (to an all time high btw) and then went back down again right after that. It was obviously because the reveal trailer.

oh the days of just a company's performance dictating it's stock price is long over. Currency valuations, tariffs, sanctions and interest rates are huge waves that stock prices swim on.

Alot of ba humbag is all that... Share prices goes up and down-it's when it falls hard you start to worry. I think it's because they will no longer make Switch v2 OLEDs that the prices fall because no more units. And they have to switch pun to the Switch 2 productions or ramp-up productions to prevent Scalping of Switch 2. I hope they have at least 40 mils or so units to keep the momentum going as factories productions shifts to Switch 2 production to keep up with demands.

I’m not surprised It was a really bad reveal….
Almost as bad as the reveal Wii U

@BTB20 https://stocks.apple.com/symbol/NTDOY

$14.81 currently. 🫡

@Koffeeking0407 And what is this:
https://de.finance.yahoo.com/quote/NTO.F/

Honestly looks like a normal dip ? will probably rebound.

@BTB20 you obviously felt the need to bring it up and attempt to wrongly call me out. I was just providing my proof since you specifically said “ Idk where you got that 10-16$ from”. So what I said stands true. In USD, being that I live in the U.S., it’s been around $10-$16 for many, many years. Good day, sir.

@Koffeeking0407 Idk what tf you are on about, but I just linked you something that shows their shares being 59$ and asked you what that is.

@BTB20 well sir, I don’t know what tf you’re on about but one is German currency (the one you linked) and one is US currency (the one I linked). I live in the US so I would obviously be going by US currency when I stated “ Nintendo’s stock has always hovered around the $10-$16”. So, when you stated “Idk where you got that 10-16$ from, but it's been over 50$ for a while” you apparently didn’t take into account that not everyone goes by German currency. It’s really sad that I’m really having to spell this out for you.

@Koffeeking0407 Ok listen: 57,40€ is 59$. There's no way you think 14$ and 57€ is the same thing jfc. The Euro is also not just German currency.

One is NTDOY and the other is NTDOF. The difference is complicated, I don't quite get it, as I'm not well versed in stock exchange and all those terms are quite complicated, but one is basically four times the other.

@BTB20
Nintendo’s stock ticker symbol is NTDOY for its American Depositary Receipts (ADRs) traded over the counter in the U.S. In Japan, where the company is headquartered, its ticker is 7974.T on the Tokyo Stock Exchange.

NTDOF is another stock ticker symbol for Nintendo Co., Ltd. It represents Nintendo’s ordinary shares traded over-the-counter (OTC) in the United States.

• NTDOF: Represents one ordinary share of Nintendo.
• NTDOY: Represents one American Depositary Receipt (ADR), which is equal to 1/8th of an ordinary share.

Investors typically trade NTDOY more frequently than NTDOF, as ADRs are designed to be more accessible and convenient for U.S. investors.

As NTDOY is the one traded that’s the one I go by.

@Koffeeking0407 Thank you. That is helpful.

Impressed it took 74 Comments before someone said NINTENDOOMED! @MontyCircus, you beat me to it. Good job.

Nintendo has been printing money for years, once the system comes out and sells through opening allotment, and we see they have like 5 games sell over a million copies in the first two months, everyone will be back on board.

Who knows, we might even get a new Madden finally. And if not, the NFL should make a deal with Nintendo to publish a game. I remember when Nintendo made sports game and they were always fun! From NES Play Action Football, to Ken Griffey Baseball, to Kobe Bryant Basketball; I always enjoyed Nintendo Sports.