Bet_Noire/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Risk off concerns, Bitcoin sell off (0:20) Software stocks drop (2:00) Big name AI earnings (4:00) Good news for Hershey (10:45) Next week's earnings and economic data (12:00) Transcript Rena Sherbill: Brian Stewart, Seeking Alpha's Director of News. Welcome back to another week of Wall Street Roundup. Brian Stewart: Great to be here. Rena Sherbill: It's great to have you talk to us. We've got Bitcoin, we've ...

21世纪经济报道 吴立洋 近日，谷歌DeepMind推出了Project Genie模型，再次引起市场对AI工具影响游戏行业的广泛担忧。 在模型发布的1月30日当天，游戏引擎公司Unity股价重挫24.22%，创2022年以来最大单日跌幅；《侠盗 猎车手》系列开发商Take-Two股价下跌7.93%，元宇宙社区Roblox跌13.17%。 作为一款生成类AI模型，Project Genie可根据用户提供的图片素材和提示词生成一个实时渲染、可互动 的3D虚拟场景，支持每秒24帧和720P的清晰度。 尽管依然存在使用时长、声音缺失、细节粗糙等问题，但Project Genie的生成效率和成本显然远优于传 统游戏研发，这也使得早已对AI使用争论不休的全球游戏行业再次陷入争议中——此前，已有多家厂 商先后就是否使用AI进行游戏生产及对AI的态度发声音。 目前，尽管不少厂商依旧态度暧昧，但游戏行业已经意识到AI大模型的革命性影响。 如何看待未来大模型在游戏领域的应用，哪些从业者会更容易从中获益，怎样解决潜在的知识产权和隐 私保护等合规问题，或许将是很长一段时间内行业需要在技术进步中，不断磨合与消化的课题。 应用方式决定 ...

Unity Software Inc. (NYSE:U) is one of the best large cap stocks to buy under $50. On January 26, Bank of America reduced its price target for Unity Software to $18 from $21 while maintaining an Underperform rating. This sentiment was announced as part of the firm’s Q4 2025 preview, where BofA stated that Unity Software is priced for perfection, trading at a significant premium compared to large-scale online ad stocks and AppLovin Corp. (NASDAQ:APP). On January 15, Freedom Capital initiated coverage of Un ...

上周，Google DeepMind 发布了第三代视觉语言模型 Genie 3。紧接着，全球游戏公司股价应声下跌。 引擎巨头 Unity 暴跌一度超过 24%，顶级制作商 Take-Two、任天堂、CD Projekt Red 等无一幸免。下跌的趋势，也持续到本周。 在我看来这是膝跳反应式的恐慌，暴露了一个认知误区：把视觉细节的生成，等同于完整世界的构建。 不是所有会画图的人都能成为建筑师。游戏开发的世界构建，也是这个道理。 《GTA》《荒野大镖客》《魔兽世界》《塞尔达传说》……问任何一个曾深度沉浸于开放游戏世界的玩家，他们大概都有类似的感受： 真正让游戏世界「活」起来的，从来不是美轮美奂的场景，或者简单的交互性，而是那种见微知著、难以言说的「生命感」。 资本市场剧烈的反应背后，逻辑简单又粗暴： 既然模型能快速生成以假乱真且可交互的 3D 世界，任何人都能做出 AAA 级别的游戏。那些投入上亿美元、耗时十年打磨一款游戏/开发工具 的公司，岂不都完蛋了？ 乍一听上去有点道理，但仔细一想，似乎不太对。 Demo 只是 demo Genie 3 的演示视频确实震撼。 给它一段文字、参考图、手绘图之类的，它的确能在令 ...

Unity Software (U) stock plummeted 22% on Friday after Alphabet's (GOOG) (GOOGL) Google unveiled Project Genie, an AI-powered tool that lets users create interactive virtual worlds. The selloff marked Unity's worst single-day performance since May 2022, when shares tanked 37%. Investors are concerned that Google's new offering could replace traditional game development tools such as Unity's Create platform, which powers roughly 70% of mobile games. More News from Barchart But here's why the fear might ...

Core Viewpoint - The release of Google's Genie 3 has led to significant stock sell-offs in the gaming and advertising technology sectors, with companies like Unity, Roblox, and AppLovin experiencing declines of 17% to 24% in a single day. However, analysts from Goldman Sachs and Deutsche Bank argue that the market's reaction is an overreaction, as Genie 3 is primarily a development efficiency tool rather than a disruptor of business models [1][3]. Market Reaction - Following the announcement of Genie 3, the market interpreted it as a threat to traditional game engines and developers, leading to a sharp sell-off. This reaction was characterized as a "shoot first, ask later" approach, lacking rational pricing adjustments based on fundamental changes [5][6]. Analysis of Genie 3 - Genie 3 is officially positioned as a tool that can generate interactive 3D world models based on text or image prompts. However, this capability has been oversimplified by the market to suggest that it can create playable game worlds with a single sentence [4][5]. Misunderstanding of Value Creation - Goldman Sachs emphasizes the distinction between content generation and the creation of commercially successful games. The long-term value of games relies on structured systems, continuous content updates, and effective customer acquisition and retention mechanisms, which Genie 3 does not fully address [6][7]. Industry Structure Perspective - Deutsche Bank argues that the market has overlooked a critical fact: as content generation becomes easier, the truly scarce resources will be IP, user scale, and mature distribution and monetization systems, rather than the content itself [9][10]. Pricing Mismatches - The recent stock price declines reflect three mismatches: 1. A temporal mismatch, as the market assumed a mature state for Genie 3 while it is still in early validation [11] 2. A mismatch in pricing targets, as the sell-off affected companies with established platforms and cash flows rather than low-value content producers [12] 3. A mismatch in profit models, as the core valuation of gaming companies is based on stable cash flows from long-term operations, not short-term content generation efficiency [13]. Investment Implications - Both Goldman Sachs and Deutsche Bank maintain that the recent stock price fluctuations should be viewed as a correction following an overheated AI narrative, rather than a signal of systemic deterioration in the gaming industry. They suggest that the risk-reward structure for some companies has improved significantly post-sell-off [15].

We came across a bearish thesis on Unity Software Inc. on Darius Dark Investing’s Substack. In this article, we will summarize the bears’ thesis on U. Unity Software Inc.'s share was trading at $29.10 as of January 30th. U’s forward P/E was 81.97 according to Yahoo Finance. Games, gaming, gamer Photo by Alex Haney on Unsplash Unity Software Inc. operates a platform to create and grow games and interactive experiences for mobile phones, PCs, consoles, and extended reality devices in the United States and ...

Core Viewpoint - The market's panic reaction to Google's AI tool "Project Genie" is deemed unreasonable, as the stock price declines of game developers appear to be an exaggerated overreaction [1][2]. Group 1: Impact of Project Genie - Google's "Project Genie" is an AI prototype tool that generates virtual 3D worlds, raising concerns about its potential disruptive threat to traditional game developers [1]. - Following the announcement, stocks of Unity Software Inc., Roblox Corp., and CD Projekt SA experienced significant declines, although Unity and Roblox saw a rebound in trading on the following Monday [1]. - CD Projekt's stock continued to decline for the third consecutive trading day, indicating ongoing pressure in the European gaming sector [1]. Group 2: Analyst Insights - mBank analyst Piotr Poniatowski argues that the market's sell-off overlooks the current limitations of Project Genie, suggesting that the reaction is an "unreasonable overreaction" [2]. - The tool currently offers limited gameplay duration and experience, indicating that it is far from being a mature commercial application [2]. - Poniatowski believes that AAA game studios may actually benefit from such AI tools, as they possess strong IP and immersive storytelling capabilities that are unlikely to be easily undermined [2]. - Wedbush analyst Alicia Reese supports this view, stating that existing platforms still maintain a strong competitive position and that AAA studios will not lose their value proposition from a game production perspective [2].

格隆汇2月2日｜Unity Software涨近9%，Applovin涨近6%，Roblox涨近3%，SAP SE涨近2%。 ...

谷歌Project Genie一推出，Take-Two、Roblox、Unity等游戏巨头市值集体跳水，这个被资本视为「游戏终结者」的AI，真的做好改写游戏史的准备了 吗？ 一夜之间，谷歌AI让游戏巨头市值蒸发上百亿美元！ 1月29日，谷歌发布Project Genie（基于Genie 3世界模型）。 「劈柴哥」（谷歌CEO（Sundar Pichai）试玩后自家产品后，极力推荐：「感觉超乎想象」，并表示现已向美国Ultra订阅用户推出。 上线还不到24小时，人们已经开始利用Project Genie创作各种疯狂作品了。 「氛围游戏」的时代正式开启！ 受Project Genie影响，游戏圈行业巨头股价便迎来了一场集体跳水： 三家公司在一个交易日市值合计缩水约195亿美元！ 华尔街慌了。 以前砸几亿做游戏，现在一句话就能造世界，Unity、Roblox的护城河剩多少？Roblox的社区还怎么活？ 与资本市场恐慌形成鲜明对比的，是一部分游戏开发者、玩家们的理性态度，他们认为市场有点过度反应、技术远未成熟。 Take-Two下跌7.93%，Roblox暴跌13.17%，而曾经的游戏引擎霸主Unity更是惨烈地下跌 ...