Nintendo has experienced a significant fluctuation in its stock prices, primarily driven by mixed investor sentiment regarding the performance and future prospects of its latest gaming console, the Switch 2. According to The News Pakistan and Business Recorder, Nintendo shares fell by 10% on February 4, 2026, as investors expressed concerns over the momentum of the Switch 2, despite the company reporting 'robust sales' during the year-end shopping season. Jefferies analyst Atul Goyal noted that while the Switch 2 'broke records,' the results were 'not great,' reflecting a cautious market view. This sentiment is echoed by Morningstar, which reported an 11% drop in Nintendo's share price to 8,995 yen, attributing the decline to Nintendo maintaining its annual sales and earnings forecasts, which seemed conservative given the strong nine-month performance.