Nintendo Is Completely Ignoring AI and Doing Fine

Nintendo’s stock has risen partly because investors are moving money out of AI winners and into neglected stocks.

Bloomberg said the gains were driven more by market rotation than by any Nintendo-specific AI strategy.

Some investors hedged ahead of Nvidia’s earnings, then sold AI-related shares when the results still failed to satisfy the market.

The shift highlights fading enthusiasm for pricey AI trades and a broader search for value outside the AI theme.