After Pokemon’s big anniversary livestream marking its 25th anniversary, you’d normally expect some sort of reflection of excitement for the franchise’s future, especially when you consider they announced three new games for the franchise on the Nintendo Switch.

Instead, it looks like investors may not have been too confident in the announcements, as Nintendo’s stock prices took a sharp turn down on Friday. Nintendo, who has a 33% stake in The Pokemon Company as well as exclusive publishing rights for their console titles had their share prices down 2.81%. At its lowest the stock was at 76.63 USD right before the The Pokemon Company’s new titles.

That being said, Nintendo stocks have since been on the mend, rising pretty steadily and sitting at 77.39 USD after the first day of trading since the announcement. This could partially be related to the fact Nintendo overall is a pretty solid company, and seeing the share price drop is a golden opportunity to jump on, thus raising the price. It still doesn’t explain the very sharp drop right before the announcement, however.

It should be noted that according to Yahoo Finance, Nintendo stocks took a dip almost directly before the announcement, where it proceeded to slowly go up. At complete speculation, this is likely due to rumors about the Pokemon announcement, causing uncertainty among investors. However, knowing that Pokemon has Nintendo exclusives due out both this year and next likely raised investor confidence, driving up the share prices.

While we’re not financial experts nor should this be taken as financial advice, there’s a lot of reason to find value in Nintendo as a company. The Nintendo Switch has continued to be one of the top selling consoles, especially after the pandemic and more people were forced to spend time indoors. Unlike the PS5 and Xbox Series X, it’s also not incredibly hard to find, thanks to ramped up production efforts and having been on the market for longer. Bloomberg had reported that Nintendo had its best quarter since 2008, so even one of its exclusives possibly underwhelming isn’t a reason to start selling the company short.