Memory Crunch Sends Nintendo Shares Deeper Into Bear Market
Memory Crunch Sends Nintendo Shares Deeper Into Bear Market 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. Nintendo forecast 16.5 million Switch 2 console sales and 60 mi...
Original Source
Read the full article at Zerohedge →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.