Nintendo Shares Jump 6.8% in Tokyo as Investors Rotate Out of AI Stocks

1 articles · Updated · Bloomberg · May 19

Nintendo rose as much as 6.8% in Tokyo on Tuesday, its biggest one-day gain in two months and a third straight advance.
The move came as investors worried about stretched valuations in AI-linked stocks and shifted into cheaper sectors, lifting Japanese game makers.
Bandai Namco and Konami each gained more than 9%, showing the rally extended beyond Nintendo across the video-game group.
For Nintendo, the rebound offers relief for the embattled Switch 2 maker as bargain hunting replaces some of the market's recent AI-driven focus.

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