Especially since games typically are seen as part of the entertainment industry rather than part of the tech industry. What Offline has posted doesn't even correlate with what happened to Nintendo's stock for a few days.
There is a difference between industry and sector. It's important to distinguish between the two.
Nintendo Co Ltd
The key takeaway here is the effect the GOP tax reform has had on the Tech sector. Tech stocks have dropped in markets across the globe since last week, with investors rotating to other sectors. This is not my word against the word of Serkan Toto. This is a series of reports from multiple business news outlets against a casual tweet from Twitter.
The Tax Bill Is Hurting Tech Stocks
“It’s the tax bill hurting tech,” said Frank Ingarra, head trader at Greenwich, Connecticut-based NorthCoast Asset Management LLC, which oversees $1.8 billion.
Broad Sell-Off Hits Tech, Investors Rotate To Banks, Value Stocks
"One day does not make a trend but we are seeing signs of a rotation," Belski said. "Does (the tech sell-off) mean that value investing strategies are beginning to become more prevalent — banks and financials being the biggest part of the value index — I think the answer to that is yes."
Asia Stocks Dragged Lower Amid Tech Selloff
Asia-Pacific stock markets are lower on Thursday as the U.S. selloff in technology stock spilled over to Asia.
Tech-stock Selloff Weighs On Asian Markets
"Investors are rotating out from the valuation-rich sector in an attempt to lock in profits as the U.S. tax overhaul grinds on", said Margaret Yang, a market analyst at CMC Markets.