U is trading at $23.63, down 5.2% as of 10:15 AM EST, extending a severe seven-day decline of 42.6% amid a broader software sector selloff triggered by AI automation concerns.
- The stock's drop follows the release of an Anthropic AI tool that sparked a SaaSpocalypse, erasing over $285 billion in market value across the software and IT sectors.
- Market sentiment is pressured by weak labor data showing only 22,000 private jobs added in January and expectations of a hawkish Federal Reserve under Kevin Warsh.
- Unity faces direct exposure to automation risks and a rotation away from growth stocks as recession fears mount.