this post was submitted on 20 May 2026
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[–] AbsolutelyNotAVelociraptor@piefed.social 48 points 6 hours ago (2 children)

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.

[–] Hudell@lemmy.dbzer0.com 3 points 1 hour ago

Which makes sense. The stock market is gambling and most odds do not factor in the imminent AI IPOs.

[–] greyscale@lemmy.grey.ooo 15 points 5 hours ago (1 children)

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.