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Nintendo jumps 6.8% as Japanese investors rotate out of AI (thenextweb.com)
submitted 2 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[-] greyscale@lemmy.grey.ooo 9 points 38 minutes ago

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.

[-] AbsolutelyNotAVelociraptor@piefed.social 12 points 32 minutes ago

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.

this post was submitted on 20 May 2026
82 points (98.8% liked)

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