After Falling Big, Nintendo Stock Soars 10% After Pokemon Pokopia Releases

Nintendo's share price surged by 10% today after the release of Pokemon Pokopia, a charming and cozy game that has players rebuilding a desolate world into a utopia. Bloomberg was first to report on the uptick in Nintendo's share price on the Japanese stock market.

Nintendo's share price has been on a general downward trajectory since November of last year, so the uptick recently is good news for investors. However, Nintendo's share price remains down 2.3% over the past 12 months (but up more than 63% in the past five years).

Nintendo does not own the Pokemon IP or The Pokemon Company, but is heavily financially invested in the company. Nintendo is the publisher of Pokopia on Switch 2, so the game enjoying success might have the knock-on effect of driving people to buy a Switch 2.