Nintendo Co. shares rallied the most in two months to a fresh record as investors increased their focus on the firm’s strong sales growth as a shelter from global volatility.

Nintendo's long-anticipated Switch 2 debuted on June 5 across Japan and several other markets, marking its first major console release in eight years. Demand has quickly outpaced supply, prompting the company to rush replenishment orders to suppliers.

Nintendo has announced record-breaking sales for its new Switch 2, as fans clamour to find retailers restocking the new gaming console.