Nintendo Gains $1 Billion In Market Value Just by Announcing the Switch.

The latest news about the Nintendo Switch is spreading like a virus but there is a LOT more to this story.  At 11 p.m. local time, the Kyoto-based company will release a three-minute video on the machine on its website. In a tweet, Nintendo reminded people that NX is the code name for the product, asking them to “please take a look.”

The internet was on fire and the gaming websites were racing to put out the exclusive news. But what was happening on the market went kinda under the radar. Just take a look at this chart and see for yourself.

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Underscoring the keen interest in details about NX, shares of Nintendo surged as much as 4.6 percent at midday in Tokyo on Thursday, adding more than $1 billion in market value in their biggest rally in a month! Estimates say that  Nintendo will sell 2.5 million units in its first month and an additional 10.6 million units by March 2018.

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