"Nintendo's Record High Shares Fueled by Switch 2 Speculation and Improved Specs Rumors"

Nintendo's shares hit a record high, pushing the company's market capitalization over $69 billion, driven by anticipation for the launch of a new console, expansion of its IP business, and speculation of oil money acquiring more Japanese game stocks. The company's Switch successor is expected to launch this year, and it is expanding its theme park presence and movie productions. Saudi Arabia's Public Investment Fund has increased its stake in Nintendo and other game publishers, contributing to the stock surge.