Hey, so maybe you heard that Nintendo showing off its new NX console later today . Apparently, so did shareholders, promptly sending Nintendo's market value up more than $1 billion overnight.

As reported by Bloomberg (as spotted by Gamespot ), the simple announcement of the NX reveal sent share prices up 4.6%.Nintendo's stock has risen by over 50% this year, thanks primarily to its first foray into developing and licensing mobile games, including Miitomo, Pokemon Go and Super Mario Run.Earlier this year, its stock also dropped nearly 18% when investors realised the company wasn't directly responsible for Pokemon Go , but it remains in a strong position.It remains to be seen how the market will react to the long-awaited NX reveal. The hardware - which is rumoured to be a handheld/home console hybrid - will be unveiled at least in part in a teaser video later today, at 7am Pacific / 10am Eastern / 3pm UK / 1am AEDT. It is due for release in March 2017.

Joe Skrebels is IGN's UK News Editor, and he can't concentrate today. Too excited. Follow him on Twitter