Nintendo Co. shares have soared to a series of records in anticipation of its Switch 2 console, making the upcoming reveal of the gadget’s details a potential watershed.

The stakes are high for the unveiling of the console on Wednesday, with the stock trading near its priciest level in seven years. The pressure to impress with the device and related games has ramped even higher on concerns that Donald Trump’s tariffs may drive up the Switch 2’s price.