Nintendo climbs on Switch 2 momentum

Nintendo's share price climbs on early Switch 2 sales, reaching a level twice the Wii era peak according to Google Finance data.

Nintendo's stock soars past Wii era peak as Switch 2 drives growth

Nintendo's stock has climbed as the company reports strong Switch 2 momentum. Data from Google Finance shows the share price near ¥14,355, roughly double its peak during the Wii era. Nintendo says it has sold more than 6 million Switch 2 units since launching on June 5, 2025, and it maintains a forecast to reach at least 15 million units for the year.

Market reception to the latest Direct events was mixed, yet investors remain confident about a solid lineup of Switch 2 games in the months ahead, including first party titles and major ports. Still, questions linger over Switch 2 pricing after price movements for Switch 1 in the United States and Canada, and consumer concerns about Game-Key Cards suggest potential friction ahead.

Switch 2 momentum shows how a well-timed hardware refresh can lift a brand beyond a rough sales cycle. The stock rally reflects investor belief that Nintendo has regained product confidence and is ready to monetize software momentum with credible forecasts.

But the success also raises questions about pricing discipline and long term. If price increases bite demand or if third party support softens, Nintendo's narrative could shift from revival to caution. The next few quarters will reveal whether this is a durable shift or a temporary spark.

Highlights

Time will tell if Switch 2 sustains this momentum.