Nintendo's Zelda remake demand points to franchise potential short-term valuations miss. Nintendeal reports 100,000-plus Ocarina of Time Switch 2 copies sold on Amazon in a month, versus 11,000-plus GTA 6 code-in-box PS5/Xbox copies. NintyPrime notes this is one retailer, one country and physical copies only. It is a remake; the next two 3D Zelda games this generation should do even better. Nintendo's valuation should reflect the next few years and decades, not just the near term. x.com 

Zelda: Ocarina of Time preorders suggest Nintendo has another Switch 2 seller despite competition from GTA VI. Its listing shows 100K+ bought in the past month; four Switch 2 games already have 3M+ sales, with a fifth on its way. Hardware sales have been high without the heavy hitters. Pokémon and likely a 3D Mario follow next year, and Pokémon and Zelda fans may have little overlap. x.com  x.com 

Nintendo's Switch 2 is being squeezed by memory costs from the AI data center boom. The US price rises from $449.99 to $499.99 in September, with similar hikes in Canada and Europe, and Nintendo expects 16.5 million unit sales this year versus 19.9 million last year; some analysts think memory prices won't cool until 2028. Even allowing for Nintendo's usual sandbagging, the stock is not screamingly cheap or asymmetric. x.com  x.com  x.com  x.com 

Nintendo looks attractive at $14 as the Apple of gaming. It makes great, easy-to-use, family-friendly hardware and takes a platform fee on games and apps sold on it. Nintendo Switch Online at $50 a year brings in $1.7 billion of subscription revenue. Pokemon Pokopia, just released, is an evergreen title, and a new Mario movie arrives April 1. x.com  x.com 

Nintendo is an exceptional company with irreplaceable IP and plenty of cash, so the stock near 2.5-year lows is not a weed to cut. As Peter Lynch showed with Taco Bell, it is very hard to go bankrupt without debt. The Switch 2 was a home run after eight years, Mario, Zelda and Pokemon games cannot be played on PlayStation, and a Zelda release for PS5 could unlock billions. x.com  x.com  x.com 

Nintendo sits on the most valuable IP catalogue in entertainment and still looks underpriced relative to Disney. The Super Mario Galaxy Movie's $372.5 million global opening weekend, the biggest of the year so far, shows that huge box office for video game IP films is the new normal. x.com 

Take-Two looks too cheap with GTA 6 on the horizon. There seems to be massive pent-up demand not just for GTA but for any reasonably good AAA game, and little real competition is left in that segment. x.com 

Take-Two is a coiled spring waiting for GTA VI to print billions, so this quarter barely matters. Revenue rose just 2% to $1.53B while development costs and royalties jumped from $30M to $135M, cutting gross profit 7% and turning a $22M operating profit into a $36M loss; EPS fell from −$0.07 to −$0.18. Patience is required until the game launches. x.com 

Nintendo's shares trade inversely to memory because rising memory prices raise costs it cannot fully pass on. Its five-year yield should exceed 5%; that combination looks better than a hypothetical 5%-yielding Treasury trading exactly inversely to Korean memory. x.com 

Take-Two is heading lower because it priced Grand Theft Auto VI too low and will launch it without GTA Online, leaving a revenue air pocket ahead. Preorders start June 25 at $79.99 standard and $99.99 ultimate, when $100 up front would have been the right call. @KakashiCapital_ argues the $80 price is bullish and add-ons will follow, but investors are not prepared for the online revenue gap. x.com  x.com  x.com