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Chip Shortage Crisis Raises Alarm: Nintendo’s Market Cap Plummets Nearly $14 Billion in Two Days
2 week ago /
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Author：小编
On Wednesday, Nintendo’s stock price plummeted by up to 4.7% during intraday trading, marking its lowest level since May of this year. The market is now gripped by concerns over the skyrocketing prices of critical components, particularly memory chips, which are projected to eat into the company’s profits and jeopardize the profitability of its upcoming console, the Switch 2. Given the tight supply and escalating costs of memory chips, investor confidence in the Switch 2 has significantly diminished. This has resulted in Nintendo’s stock price declining for seven out of the eight trading days in December, culminating in a cumulative loss of approximately $14 billion in market capitalization.
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