Unity Software: The Cathie Wood Stock to Buy on the Dip

PandoraHaggai
2022-08-29

Unity Software (U)

The brief description ofUnity Software(NYSE:U) is that it provides software to create 2D and 3D gaming content spanning the spectrum from mobile gaming to augmented and virtual reality devices.

Those last few words provide a clue as to why it has lost more than 50% of its value year-to-date: The metaverse has cooled. At least that’s the general feeling across the market.

But a report by McKinsey & Co. published in June says otherwise. The noted consulting firm estimates that the metaversecould reach $5 trillionin value by 2030. But while the market momentarily cools asMeta Platforms’(NASDAQ:META) troubles affect the metaverse at large, trends remain clear: The metaverse is here to stay.

That means that Unity Software and U stock aren’t simply pandemic darlings. Rather, the company, which touches50% of all gamescreated today, will remain highly relevant. It’s going to be integral to the rapid development of the metaverse making it a buy today.

$Unity Software Inc.(U)$

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Comments

  • yeetmin76
    2022-08-30
    yeetmin76
    Thanks for sharing
  • Veldora
    2022-08-30
    Veldora
    Unity is good company for gaming.
  • Yellow snake
    2022-08-30
    Yellow snake
    laughing at those who lost so much on ARKK
  • Yipmc
    2022-08-30
    Yipmc
    Ok
  • Tonyoh
    2022-08-30
    Tonyoh
    Like
  • sathi
    2022-08-30
    sathi
    ok
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