WiiNintendo

Nintendo has been sitting atop mountains of good news over the past few months. Whether it’s news of yet another new DS Lite color selling out within days of its release or glowing hands-on impressions with the Wii reported in the press, Nintendo has been receiving a lot of praise lately.

All of this great news had led investors to regain confidence in the gaming giant. Merrill Lynch has revealed that Nintendo’s stock has doubled in value, skyrocketing from around $13 to over $26 per share in just one year. This new price is also a six year high for Nintendo.

A Merrill Lynch research report from last Friday attributed the gains to anticipation that is building up for the Wii and believes this will push the share value even higher.

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