Nintendo stock is oversold

Nintendo stock is down 35 % year to date and 50 % in the past year. Hardware cycle transitions and macroeconomic headwinds have made short term fears way too impactful on the stock price. As soon as they announce a Zelda game this stock is going to skyrocket. They have more monthly active users on Nintendo Switch Online than ever before. The Mario movies are a major success. They have a massive cash pile. 75 % of Nintendo’s sales come from outside Japan so don’t worry about currency fluctuations. Honestly, this is Nintendo. Do you think AI is going to make people not want to play video games? Nintendo IS video gaming. Sony and Microsoft never ever had the same talent for making legendary games. Mario is a bigger icon than Mickey Mouse. And unlike Mickey, Mario is a fully protected copyright.