U - Cathie Wood Goes Bargain Hunting. Here's 1 Gaming Stock She Just Bought
2024-01-24 08:00:00 ET
Applications in the metaverse and rising interest in virtual reality (VR) are fueling higher demand among gaming platforms. One company that could stand to benefit is Unity Software (NYSE: U) .
Unity was a fan favorite in the gaming community until a couple of months ago. A botched change in its pricing model , coupled with a shakeup at the executive level, caused many developers on its platform to sour on the company. And things haven't gotten off to a great start this year. Not even a month into 2024, Unity stock is down 19% on the year.
Let's dig into what's going on at the company and determine whether Unity is an attractive buy at its current valuation.
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Cathie Wood Goes Bargain Hunting. Here's 1 Gaming Stock She Just Bought