U is trading at $18.60, down 5.01% today, reversing yesterday's gains as hotter-than-expected inflation data triggers a broader market selloff.
- The decline follows Core PPI data surging 0.8% (vs. 0.3% forecast), intensifying fears that the Federal Reserve will maintain higher interest rates for longer.
- Tech and AI-related stocks face additional pressure from cooling sentiment following Nvidia's cautious China outlook and rising investor concerns over AI infrastructure costs.
- The downward move erases Unity's 5.38% gain from the previous session, though the volatility lacks any company-specific catalysts.