New Delhi, Jan. 30 -- The fastest-selling game console of all time may not be enough to shelter Nintendo Co.'s stock from growing investor fears about skyrocketing memory prices.

The Mario Kart creator is set to report third-quarter earnings next week, with many expecting knockout revenue from the Switch 2 after recent data showed strong holiday sales in the US. But a memory chip supply crunch, driven by insatiable demand for AI hardware, threatens to drive up the price of the new console - and derail Nintendo's share recovery.

"The company appears to be looking at an absolute horror show on the cost of building a console, unless memory prices come down sharply," said Pelham Smithers, a UK-based equity analyst who focuses on the gaming ...