Nintendo Co., Ltd. shares fell sharply by as much as 5.3%, marking their largest single-day drop since April. Comments from NVIDIA CEO Jensen Huang regarding the demand for data storage in the field of artificial intelligence sparked market concerns about rising memory chip prices, which could potentially increase the production costs of gaming consoles. Sony, the manufacturer of PlayStation, saw its shares decline by up to 4%, hitting their lowest level since September. The backdrop to this decline in Japanese stocks was a prior rally in U.S. memory-related stocks on Tuesday following Huang's remarks, which in turn lifted shares of Japanese memory firms such as Kioxia. Huang made these comments at the Consumer Electronics Show (CES) in Las Vegas, stating that current demand in the memory market is "far from being adequately met."