Nintendo and Sony Shares Fall as Memory Price Surge Sparks Cost Concerns

Deep News
Jan 07

Nintendo Co., Ltd. shares fell sharply by as much as 5.3%, marking their largest single-day drop since April. Comments from NVIDIA CEO Jensen Huang regarding the demand for data storage in the field of artificial intelligence sparked market concerns about rising memory chip prices, which could potentially increase the production costs of gaming consoles. Sony, the manufacturer of PlayStation, saw its shares decline by up to 4%, hitting their lowest level since September. The backdrop to this decline in Japanese stocks was a prior rally in U.S. memory-related stocks on Tuesday following Huang's remarks, which in turn lifted shares of Japanese memory firms such as Kioxia. Huang made these comments at the Consumer Electronics Show (CES) in Las Vegas, stating that current demand in the memory market is "far from being adequately met."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10