Memory Crunch Sends Nintendo Shares Deeper Into Bear Market
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Source: Zero Hedge
Published: 2026-05-11 22:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Financial Markets, Business & Economy, Technology
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Snippet:
Nintendo shares plunged deeper into bear-market territory Monday after the company's full-year operating income forecast missed Bloomberg Consensus estimates. Traders were spooked on soft Switch 2 hardware and software guidance, and the margin squeeze from surging memory-chip costs continues to weigh on earnings, first pointed out by Goldman in late Decemeber.
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