this post was submitted on 20 May 2026
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138
Nintendo jumps 6.8% as Japanese investors rotate out of AI (thenextweb.com)
submitted 5 hours ago by sanitation@lemmy.radio to c/technology@lemmy.world
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[–] frank@sopuli.xyz 9 points 33 minutes ago

Obligatory hating on Nintendo for everything they've ever done in a courtroom.

I do have to appreciate their distinct lack of enshittification in some of this. Like they don't have a "AI or bust" mentality, their non-old games are just regular games mostly, not gatcha/pay to win BS. And a lot of them ship fairly complete. It's a fucking low bar these days but they're not like nonstop below the bar which is something.

But really fuck those guys for so many fucking reasons. Subscribe monthly to play a few old games i already own? Fuck right off

[–] raspberriesareyummy@lemmy.world 16 points 2 hours ago

is this it? is the bubble finally about to burst? Don't give me false hopes!

[–] greyscale@lemmy.grey.ooo 29 points 3 hours ago (1 children)

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 35 points 3 hours ago (1 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.

[–] greyscale@lemmy.grey.ooo 13 points 2 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.

[–] AbsolutelyNotAVelociraptor@piefed.social 9 points 2 hours ago

It's Nintendo Japan we're talking about. I'd argue that their stock is safer than government bonds.