10 Firms Stand Out Amid Market Downturn

1. Unity Software Inc. (NYSE:U)

Unity Software Inc. (NYSE:U) soared by 30.41 percent on Thursday to end at $28 apiece as investors cheered its improved earnings performance last year.

In a statement, U said its net loss attributable to the company for the fourth quarter narrowed by 51 percent to $122.7 million from $252.75 million, despite revenues declining by 25 percent to $457 million from $609 million year-on-year.

Net loss for the full year also shrunk by 19 percent to $664 million from $822 million in 2023, while revenues dropped by 17 percent to $1.813 billion from $2.187 billion in the same comparable period.

For the first quarter of the year, U expects revenues to settle between $405 million to $415 million.

While we acknowledge the potential of U as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than U but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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