Elite Minds

If you saw the Nintendo dip in December 2025, you might have thought the Switch 2 was in trouble. The reality is much bigger than just one company.

​The "Cheap Power" era is dead.
Driven by massive demand for AI, memory prices are surging (RAM alone is up over 40%). This transforms the economics of hardware. Memory used to be a rounding error on the balance sheet; now, it’s a massive profit lever.

​The Nintendo Dilemma:
Nintendo usually relies on a "flywheel": Affordable Hardware + Massive Install Base = Long-term Software Sales.
Rising chip costs threaten to break that wheel before the console even launches.

​Why this matters for everyone:
This is a warning sign for all consumer tech. Chip volatility is back. However, Nintendo has a moat that others don't: IP. They don't need to have the best specs to win; they just need to protect their margins without losing the magic that makes them Nintendo.

​Was the selloff panic or foresight? We'll find out when the price tag is revealed

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