Nintendo Stock Rises Ahead of Indie World Showcase Tomorrow

REDMOND, Wash. — Nintendo‘s stock price increased on Wednesday after the company announced an Indie World Showcase scheduled for Thursday at 9:00 a.m. ET. This event will spotlight games from various third-party indie developers, particularly for the Switch and the soon-to-be-released Switch 2.

Although Nintendo is not expected to unveil major news during the showcase, excitement is building among fans. Many are hoping for updates on highly anticipated games, including *Hollow Knight: Silksong*. This sequel to the popular 2017 title was initially announced in February 2019 but has faced numerous delays.

A new trailer during the showcase could generate significant anticipation for *Hollow Knight: Silksong*, especially since it appeared in a sizzle reel during the Switch 2 Direct, with a tentative 2025 release date. Developer Team Cherry may need to solidify that release timeline in response to growing expectations.

As of Wednesday, Nintendo’s stock has rallied by 59.88% this year and increased by 78% over the past 12 months. A surge in investor confidence has been linked mainly to the hype surrounding the Switch 2, which has propelled the stock upward following its successful launch.

Wall Street analysts have a consensus rating of Moderate Buy for Nintendo, featuring nine Buy ratings, two Hold ratings, and one Sell rating in the past three months. This analysis suggests a potential upside of 5.61% for Nintendo shares.