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Why Nintendo Stock Popped Today

TheMotleyFool

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(OTC: NTDOY) stock rose 2.5% through 11:45 a.m. ET Wednesday after the Japanese video game giant confirmed that it will be releasing a successor to the popular Nintendo Switch gaming console later this year.

It's name: Nintendo Switch 2.

OK. Admittedly that's a bit of an anticlimax, and something of a punt on naming the new console. Still, as The Fly points out today, Nintendo has good reason to tie its new console to memories of its old.

Source Fool.com