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Nintendo Stock Slides as Memory Costs Jump, Squeezing Switch 2

Nintendo tells buyers pricing stays steady for now despite pricier, scarcer microSD Express cards.

Overview

  • Bloomberg estimates up to $14 billion has been wiped from Nintendo’s market value this month as shares fell on most December sessions, including a one-day drop of 4.7% to the lowest since May 2025.
  • Industry tracker TrendForce reports Nintendo is paying about 41% more for the 128GB RAM used in Switch 2 consoles.
  • NAND prices are up an estimated 8%, and Transcend says SanDisk and Samsung have delayed flash shipments due to stronger demand from data centers and hyperscalers.
  • MicroSD Express cards—the only expandable storage option for Switch 2—are costlier and harder to find, with 1TB near $200 and 256GB around $60–$80, a burden analysts say is landing on consumers.
  • Nintendo raised its Switch 2 sales forecast to 19 million units for the fiscal year, and President Shuntaro Furukawa has indicated console pricing will remain stable in the near term.