Nintendo Stock Gains 5.48% and $2.2 Bn In Market Capitalization On Back Of Monster Hunter Switch Announcement
Now at its highest point since 2008.
Nintendo has been slowly primed for a comeback ever since the Switch was announced. Its launch has seen positive inertia, momentum, and goodwill for the system, from customers and developers alike, as well as a lot of mainstream awareness and demand for the brand. It has also seen Nintendo break all manner of records on the hardware and software front, both.
As a result, we have been seeing Nintendo’s stock slowly and steadily gaining on the back of Switch performance- and yesterday, this fever pitch hit a frenzy point, when Capcom announced Monster Hunter XX for the system. The announcement made Nintendo’s stock gain 5.48%, which added $2.2 billion to Nintendo’s market valuation in one day. Which is absolutely crazy.
All told, this is good news for Nintendo, who are now on firmer footing financially than they were in the Wii U days. Now we just have to hope that the company continues to release great games for the Switch and keep the momentum going.