Japan, US Target AI and Chips in $550 Billion Investment Push 
Lynas Rare Earths Shares Rise After Takeover Talks Revealed 
Nvidia Eyes $2.5 Billion Investment in Thinking Machines Lab 
Berkshire Hathaway Eyes Bigger Stakes in Japan’s Top Trading Houses 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
OpenAI Launches GPT-6 Astra With Advanced AI Agent Capabilities 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says 
Spire Healthcare Shares Jump on £1.03 Billion Takeover Deal 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
Anthropic Nears $15 Billion Credit Deal Ahead of IPO 
Deutsche Telekom Shares Rise as Elliott Pushes Against T-Mobile Merger 
GLP-1 Weight-Loss Drug Use Surges Among U.S. Children 
Add as a preferred source on Google
Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch 2 console.
Nintendo Co Ltd (TYO: 7974) ended the session 4.8% higher at ¥8,011, significantly outperforming the broader Nikkei 225, which fell 0.8%. The rally followed the release of Nintendo’s quarterly financial results after the market closed on Thursday.
For the quarter ended June 30, Nintendo reported net profit attributable of ¥145.4 billion, a sharp increase from ¥80.9 billion in the same period a year earlier. The result comfortably exceeded the S&P Global Visible Alpha consensus forecast of ¥119.8 billion.
Quarterly revenue more than doubled to ¥572.3 billion from ¥246.6 billion a year ago. That also surpassed analysts’ expectations of ¥506.9 billion, highlighting the impact of the Switch 2 launch and healthy sales of Nintendo’s first-party games.
The company’s latest performance prompted Nintendo to raise its financial guidance for the full year. It now expects net profit of ¥380 billion, compared with its previous forecast of ¥340 billion.
Nintendo also increased its annual revenue forecast to ¥2.15 trillion from ¥1.90 trillion. Its operating profit outlook was lifted to ¥500 billion from the previously projected ¥450 billion.
The Switch 2 has emerged as a key growth driver for the gaming company. Nintendo said shipments of its latest-generation console reached 8.67 million units during the quarter, coming in well ahead of market expectations.
Software sales also remained strong, with first-party Nintendo titles released alongside the Switch 2 helping support overall performance.
The upbeat earnings, stronger guidance and solid early demand for the Switch 2 have strengthened investor confidence in Nintendo’s growth prospects. With hardware shipments exceeding expectations and software demand holding firm, investors are closely watching whether the Switch 2 can sustain its sales momentum through the remainder of the fiscal year.
