Markets
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Max Knoblauch

Nintendo falls, will hike Switch 2 price amid memory crunch

Gaming giant Nintendo reported the results for its fourth quarter, which ended in March, on Friday morning. Its US-traded ADR fell nearly 4% in premarket trading.

Most notably, Nintendo announced it will raise the price of its Switch 2 console in the US by $50 to $499.99 in September. Investors have been waiting for Nintendo to join its rivals Sony and Microsoft in boosting the price of its flagship console, but the company had thus far been unwilling to do so this early in the Switch 2’s life cycle.

Nintendo shares have fallen about 45% over the past 12 months, as the company has been hit by tariffs and costs have increased due to AI’s memory demand and higher global shipping rates amid the war in Iran.

For its fiscal 2026, Nintendo reported:

  • 2.313 trillion yen ($14.8 billion) in total revenue, compared to estimates of 2.31 trillion yen ($14.78 billion) from Wall Street analysts polled by FactSet.

  • 19.86 million Switch 2 sales, compared to its 19 million forecast.

For the fiscal year ahead (which will end in March 2027), Nintendo forecast 16.5 million Switch 2 sales. The company is guiding for 2.050 trillion yen ($13.1 billion) in sales for the full year, compared to Wall Street estimates of 2.5 trillion yen ($16.1 billion).

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Luke Kawa
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“Retail-driven momentum and short squeeze dynamics remain a dominant force in the market today,” says Citadel Securities

Retail has flipped from aggressive put buying to call buying, per Citadel Securities.

2021 Times Square New Year's Eve Celebration
Luke Kawa
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US job growth surprises to upside in April, with the unemployment rate steady at 4.3%

This report adds to the signs of labor market stabilization.

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markets
Helena Cheng

Fluence Energy keeps surging after hyperscaler supply agreements outweigh soft quarter

Fluence Energy is building on Thursday’s massive gains in the premarket on Friday amid optimism about data center demand for its energy storage solutions.

Though the company delivered underwhelming Q2 results after the close on Wednesday, management announced the signing of new master supply agreements with two major hyperscalers and expects to convert its first order soon. During the conference call, CEO Julian Nebreda indicated that the company has a 12-gigawatt pipeline tied to data center projects.

Analysts at JPMorgan, Canaccord, Jefferies, Goldman Sachs, and Roth Capital raised their price targets on Fluence in the wake of this news.

“The sentiment on FLNC was negative going into the quarter and the hyperscaler announcement came sooner than expected,” noted Citi analyst Vikram Bagri, per Bloomberg.

markets
Helena Cheng

Innodata soars after company boosts full-year sales guidance, delivers impressive Q1 results

Innodata is surging in premarket trading after announcing better-than-expected quarterly results and raising its full-year sales guidance.

The data engineering company is seemingly benefiting from demand for its expertise to help improve the capabilities of AI tools.

The key numbers for Q1:

  • Revenue of $90.1 million (compared to analyst estimates of $76.5 million).

  • Adjusted EBITDA of $25.0 million (estimate: $10.4 million).

Innodata raised its full-year revenue growth guidance to around 40% or more, up from the ~35% or more guidance it gave out 10 weeks ago.

CEO Jack Abuhoff described this outlook as “prudent,” adding that several potentially large programs have not yet been included in this forecast.

To that end, he noted a new set of engagements with a large technology company that, if solidified, would generate approximately $51 million of revenue in 2026. Management is currently in discussions with an additional 15 companies and two hyperscalers about its new platform for agentic systems, Abuhoff added.

Earlier this year, this company announced a pact to provide data and data engineering services to Palantir to help improve AI tools that analyzed rodeos.

The robust quarter and outlook are bringing shares of Innodata back into the green on the year after having been down 10% heading into this report.

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A South Korean national flag (L) with a Samsung Group flag (

South Korea surges past Canada to become the 7th-largest stock market in the world amid AI boom

The country’s two chip giants have seen their shares more than double this year.

Hyunsoo Rim3h

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