this post was submitted on 20 May 2026
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[–] raspberriesareyummy@lemmy.world 12 points 2 hours ago

is this it? is the bubble finally about to burst? Don't give me false hopes!

[–] greyscale@lemmy.grey.ooo 25 points 3 hours ago (1 children)

Did nintendo actually -do- anything for this surge, or is this just the effect of money being sloshed?

Our economy and stonks market is completely detached from reality.

[–] AbsolutelyNotAVelociraptor@piefed.social 29 points 3 hours ago (1 children)

I'm not a markets expert, but I've always heard that Nintendo in Japan is a somewhat safe stock so this is probably investors fearing the AI crack and moving towards a stock that isn't too invested in AI and was already safe to begin with.

[–] greyscale@lemmy.grey.ooo 10 points 2 hours ago (1 children)

So its not about the company but about somewhere "safe" to park money

Once upon a time we called those government bonds.

It's Nintendo Japan we're talking about. I'd argue that their stock is safer than government bonds.