Buy Nintendo Stock Because It’s An Overlooked Metaverse Play – Barron’s

Videogames have enjoyed a pandemic-era renaissance, but shares of the industry’s original player have been left behind. Nintendo’s American depositary shares are down 29% in 2021.

The Japanese videogame giant (ticker: NTDOY) is still making games that are adored by its fans. But investors have spent much of the year looking for companies making big promises about the “metaverse”—the idea of virtual worlds that enable social interaction and commerce. That has powered stocks like Roblox (RBLX) and Nvidia (NVDA) to huge gains…