Business
business
Millie Giles

Nintendo’s stock popped on Switch 1 price hikes and powered-up Switch 2 sales

Since releasing its long-awaited (and much-needed) Switch 2 console back in June, Nintendo stock has been leaping like Mario — and now, it’s not just strong sales reports helping to boost the video game company’s star-powered share price.

Nintendo’s stock soared 7% on Monday, and rose another 1.3% in trading in Tokyo today, after the company announced that the price of the original Switch and its related products would go up in the US “based on market conditions” (read: tariffs). That leaves the stock within touching distance of an all-time high.

Indeed, the price of the Switch 1 went up to ~$339 on Sunday — after eight years of costing ~$299 — while the Switch OLED went up by $50, The Verge reported, in line with the 15% tariff on Japanese imports announced on July 31. Still, if price adjustments weren’t enough, a strong start for Switch 2 sales seems to be enough for investors to play with.

Nintendo switch 2 sales forecast
Sherwood News

Nintendo’s fiscal first-quarter results, released Friday, showed that more than 5.8 million Switch 2 consoles have sold from April to June — more than twice the pace of the original Switch, having sold 2.7 million units in its first quarter. Off the back of these figures, Nintendo has said it still expects to shift 15 million Switch 2 consoles, at $450 apiece, by the end of FY26.

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Max Knoblauch

Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

4/20/26

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Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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Americans aren’t drinking as much Mexican beer — that’s not been good for Constellation

The nation’s largest beer importer by sales just saw a 10-year growth streak come to an abrupt end.

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