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According to the agreement that you agree to every single time you buy a game on Steam, "the Content and Services are licensed, not sold. Your license confers no title or ownership in the Content and Services." You're not buying the games, you're buying the license to use them.

Nintendo:

"The Software is licensed, not sold, to you solely for your personal, noncommercial use on the Console. You may not publish, copy, modify, reverse engineer, lease, rent, decompile, disassemble, distribute, offer for sale, or create derivative works of any portion of the Software"

There is a reason why Nintendo is able to shut down YouTube channels.  

And to be clear, I am looking at getting a Steam Deck, with the intent of grabbing some emulations.  But I'm not going to sugar coat it, technically it isn't legal.  I just don't care.  Largely because I don't anticipate anything being enforced.

I know back in the day I had software that converted my physical movies to digital, it was shut down for being in violation of law.  



i7-13700k

Vengeance 32 gb

RTX 4090 Ventus 3x E OC

Switch OLED