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Why Nintendo Stock Is Surging Today

The Switch 2 is a big hit.Japanese video game giant Nintendo (NTDOY +0.00%) impressed investors on Tuesday with its results for the first half of the year. Revenue more than doubled year over year to 1.1 trillion yen, which converts to about US $7.2 billion. Operating profit rose 19.5% to 145.1 billion yen, while net profit jumped 83% to 198.9 billion yen. Nintendo stock was up about 4.4% at 11:25 a.m. ET Tuesday, according to data provided by S&P Global Market Intelligence. The Switch 2 game console is dri ...