While Market Bleeds, These 10 Firms Soar

4. Unity Software Inc. (NYSE:U)

Unity Software increased by 12.52 percent on Wednesday to close at $24.54 apiece despite the lack of fresh catalyst to spark buying appetite.

In recent news, Unity Software Inc. (NYSE:U) announced that it narrowed its net loss by 73 percent in the first quarter of the year to $77.9 million from the $291.5 million registered in the same period last year, while revenues declined by 5.4 percent to $435 million from $460 million year-on-year on the back of lower revenues from its core businesses.

For the second quarter of the year, Unity Software Inc. (NYSE:U) said that it is targeting to hit revenues between $415 million and $425 million, as well as adjusted EBITDA of $70 million to $75 million.

Last month, Unity Software Inc. (NYSE:U) launched its AI-powered platform called Vector, as it aims to keep pace with AppLovin Corp.

“Vector is designed to leverage data from across the Unity ecosystem, integrating self-learning artificial intelligence models that will provide deeper insights, optimize performance, and deliver better results for customers,” said Unity President and CEO Matt Bromberg in the company’s last earnings call.