To The Moon

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.

$Unity Software Inc.(U)$