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Nintendo surges on Switch 2 demand and preorder mayhem

Nintendo is enjoying a more than 6% bump on Thursday after preorders for its Switch 2 consoles finally kicked off in the US after a weeks-long delay due to tariffs.

Giving the gaming giant a boost: demand appears to be huge. The $450 console (and a $500 bundle) are out of stock on the websites of retailers like Walmart and Target. A notice at the online checkout page of GameStop, which waited until 11 a.m. ET to open preorders for the console, states that it is currently sold out.

Online, dozens of customers are reporting long wait times, broken websites, and canceled orders.

Despite sending virtually all of its Vietnam-built console supply to the US in recent months ahead of tariffs, Nintendo may not have reached the stockpile levels it was seeking. The companys US website states that delivery by the announced June 5 launch date isn’t guaranteed, and orders will be fulfilled as product becomes available.

On Wednesday, Nintendo said it received 2.2 million preorders in Japan, far exceeding its expectations.

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.