Nintendo Stock Surges Over 40% Today Thanks To Pokemon GO

In an unprecedented monstrous rally, Nintendo stock has surged over 40% at the open in New York trading after increasing "only" 25% in Japan. U.S. investors are bidding up the company in much greator frenzy than their Japanese counterparts it seems. A massive company like Nintendo increasing in value over 50% over 2 days is incredibly rare outside of takeover events or unbelievable earnings reports. Clearly EVERYONE is excited about Pokemon Go. That excitement is translating into revenue though, as the game did reach the top grossing apps list on both iOS and Android, meaning it's making "at least" 2 million a day (as Game of War from Machine Zone made ~2.2 million a day in 2015 sitting near the top)

Financial media are attributing the rise to the enormous social media buzz Pokemon GO has enjoyed over the weekend. Nearly everyone I know is playing the game - what about you guys?

Here's a tweet showing the game's popularity in New York City's Central Park:

Pokemon GO is just insane right now. This is in Central Park. It's basically been HQ for Pokemon GO. pic.twitter.com/3v2VfEHzNA

— Jonathan Perez (@IGIhosT) July 11, 2016