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Nintendo jumps 6.8% as Japanese investors rotate out of AI
(thenextweb.com)
This is a most excellent place for technology news and articles.
Did nintendo actually -do- anything for this surge, or is this just the effect of money being sloshed?
Our economy and stonks market is completely detached from reality.
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.