Nintendo shares climbed as much as 6.8% on Tuesday for the third straight day, with Bandai Namco and Konami each up more than 9% as Japanese investors rotated out of AI-cohort names.
I’m not a markets expert, but I’ve always heard that Nintendo in Japan is a somewhat safe stock so this is probably investors fearing the AI crack and moving towards a stock that isn’t too invested in AI and was already safe to begin with.
I’m not a markets expert, but I’ve always heard that Nintendo in Japan is a somewhat safe stock so this is probably investors fearing the AI crack and moving towards a stock that isn’t too invested in AI and was already safe to begin with.
So its not about the company but about somewhere “safe” to park money
Once upon a time we called those government bonds.
It’s Nintendo Japan we’re talking about. I’d argue that their stock is safer than government bonds.