According to foreign media reports, Nintendo’s stock fell as much as 4.7% on Wednesday, hitting its lowest level since May. The decline is believed to be linked to surging prices of key components, including memory chips, which are squeezing the company’s profit margins.

Market research firm TrendForce reports that the price of 12GB memory modules—the type expected to be used in the upcoming Switch 2—rose by 41% this quarter. The price of the console’s internal flash storage has also increased by nearly 8%, a cost spike that is likewise affecting the price of expandable storage cards.

Nintendo’s stock has fallen on seven out of eight trading days in December, wiping out approximately $14 billion in market value as optimism surrounding the Switch 2 fades amid a worsening global memory supply crisis. Even major PC manufacturers such as Dell and HP have warned that they may need to raise prices next year due to unprecedented increases in component costs.

The above content is compiled by ModeZone, a fashion and entertainment magazine.