Is Unity Stock a Buy After Crashing Last Week?
As one of the leaders in the game development space, Unity Software (NYSE: U) could capitalize on the enormous gaming market, which is expected to be worth $300 billion in the next five years. In a survey done by Unity in 2021, 61% of game developers use Unity to build their games.
However, if you look at Unity's stock price today, you might think it's struggling. Shares are down over 73% year to date, between the broader tech-stock sell-off and a recently disclosed machine-learning error that will cause serious problems for Unity's business. But while it might not be ideal to buy shares today, investors might want to think twice about selling as well.
Image source: Getty Images.
Source Fool.com
