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Why Unity Software Stock Just Popped 12%

Rich Smith, The Motley Fool
·2-min read
Why Unity Software Stock Just Popped 12%

With investors obsessing over artificial intelligence stocks in 2023, it's starting to feel like the metaverse and virtual reality are all last year's news. Investors seemed to like the news, and as of 10:30 a.m. ET, Unity Software stock is up 11.5%. In its shareholder letter filed with the Securities and Exchange Commission (SEC) yesterday, Unity reported 56% year-over-year growth in revenue to $500.4 million, which was precisely what analysts had forecast.

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