According to current information, only microSD Express cards are intended for use with the Nintendo Switch 2, not conventional microSDXC cards such as the High Endurance (128 GB, microSDXC, U3, UHS-I).
The card is compatible with the original Nintendo Switch, Switch Lite and Switch OLED, but is not officially confirmed for the Switch 2.
I'm not entirely sure if the card will work with the Switch 2, as the official specs mention microSD Express as the standard.