2 Software Stocks That Make Tools to Build the Metaverse

Today’s video focuses on bullish and bearish points for Unity Software (NYSE:U) and Autodesk (NASDAQ:ADSK). The stock

Today’s video focuses on bullish and bearish points for Unity Software (NYSE:U) and Autodesk (NASDAQ:ADSK). The stock prices of both companies have taken a massive hit in the past month. Could this drop be a buying opportunity for software investors? Here are some highlights from the video.

  • On Dec. 16, Autodesk announced plans to acquire ProEst, a cloud-based estimating company. Autodesk is already a leader in software tools for the architecture, construction, and engineering markets, and with this acquisition, it will strengthen its pre-construction offerings. 
  • Unity Software continues to be a leader in game creation, as many popular mobile games have been created using Unity’s game engine. Still, the company is also trying to become a leader in animated innovation with its recent acquisition of Weta. Weta is an FX studio that helped create strong franchises like Lord of the Rings with innovative tools for animated work. 
  • Unity also focuses on post-creation solutions, and one of them is advertisements. On Dec. 16, Unity announced that Unity Ads now offers access to Meta‘s (NASDAQ:FB) audience network.

Click the video below for my full thoughts and analysis. 

*Stock prices used were the midday prices of Dec. 17, 2021. The video was published on Dec. 19, 2021.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.