Nintendo hits an all-time high as Wall Street sees plenty more coins to squeeze out of the Switch 2

Mouse controls, an $80 “Mario Kart,” and 3.5 million sales in four days has Nintendo’s US shares trading at an all-time high.

Nintendo ADRs are up more than 6% on Wednesday morning, continuing a 2025 rally fueled by hype around the game maker’s first fresh console in eight years. The stock is up 56% on the year, reaching points far beyond peaks during the Covid pandemic’s “Animal Crossing” surge and the days of the Wii.

Nintendo expects the Switch 2, its fastest-selling console, to sell 15 million units of the handheld and 45 million games by the end of its fiscal year in March. Like its gaming rival Sony, the company is also dedicating major resources to building out its IP-driven film business.

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Luke Kawa

CoreWeave tumbles on weaker-than-expected Q4 adjusted EBITDA

The neocloud just released quarterly results.

Cloud Based Artificial Intelligence Computing Company CoreWeave Has IPO On Nasdaq Exchange

Max Knoblauch2h

Warner Bros. board deems Paramount’s $31-per-share offer a superior deal, starting four-day countdown for Netflix response

The Warner Bros. Discovery board has determined that Paramount’s latest deal constitutes a superior proposal to the $83 billion agreement it has with Netflix.

The Netflix merger remains in effect, but the determination kicks off a four-business-day window for the streamer to amend its deal to match or beat Paramount’s.

Should Netflix decide to not raise its own offer to a degree the Warner Bros. board determines to be the “Company Superior Proposal,” Warner Bros. would be entitled to terminate that merger agreement.

Netflix is said to have ample cash to increase its own offer for Warner Bros., but it’s yet to be seen how high the company is willing to go. Netflix shares have increased since Paramount boosted its bid, signaling that its own investors aren’t exactly rooting for it to make the purchase.

Warner Bros.’ announcement boosted Paramount’s odds on prediction markets to end up in control of the company. As of 4:40 p.m. ET on Thursday, event contracts speculating on which company will ultimately come out on top of the bidding war have Paramount at a 62% chance over Netflix’s 33% odds.

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

Paramount improved its Warner Bros. offer to $31 per share

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

Matt Phillips

Rocket Lab beats expectations on Q4 sales, per-share loss

Here’s how the numbers looked in the most recent quarter.

Rocket Lab CEO Interview on Neutron Rocket

Grindr rises after beating earnings, revenue expectations

The company reported earnings results on Thursday.

J. Edward Moreno2h

Matt Phillips

Dell soars after beating expectations for Q4 sales and EPS

Here’s how the numbers looked.

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