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Unity Software ( NASDAQ:U ) rallied 17% when Apple ( NASDAQ:AAPL ) announced a partnership with the video game engine maker during the reveal of its spatial computer Apple Vision Pro. The sudden spike may very well be the start of a sustained rally to much higher levels as Unity looks to recover some of the ground it lost during the devastating crash of 2022. I am bullish on Unity stock. Undoubtedly, Unity is a big name in the world of video game development. It helps power many impressive 3D games on a wide range of platforms. Indeed, it makes sense to view Unity as some sort of software "pick-and-shovels" play for a potential AR/VR push that could come as early as next year once Apple Vision Pro goes on sale in the U.S. market. Gaming will be just one main draw of spatial computing. The other will be immersive experiences that are sure to be rich with digital 3D assets. Apple Vision Pro and Unity May be a Match Made in Heaven For now, Apple Vision Pro with Unity technology looks like the perfect match that could help developers create enough apps (yes, including the elusive "killer apps") to make Apple's spatial computer a must-buy on day one, even at $3,499. Understandably, there were many groans and laughs when the pricing details were unveiled. However, I think the pains of the Apple fans were due to the hit that their wallets would take rather than groans of missing out on the new, potentially-revolutionary technology. Apple seems smart to give developers the tools (and time) to ensure the Apple Vision Pro succeeds. Indeed, many firms have tried but failed to break into the realm of VR, AR, or the Metaverse with their own headsets. Apple's headset is not cheap, but it may be of great value considering the type of cutting-edge hardware and software needed to make next-generation immersive experiences possible. As Apple Vision Pro and its app store succeed, I believe so too will Unity. Unity Stock: 52-Week High is Still Within Reach At its worst, shares of U lost around 88% of their value from peak to trough. As the tides turn and we learn more about Unity's involvement with Apple and its latest headset, it's hard to stay downbeat on Unity. Although its 52-week high, just shy of $60 per share, may not be touched anytime soon, I do think many are underestimating the potential of its partnership with Apple. Some skeptics may be inclined to dismiss the device over its price or spatial computing as a whole. Still, Apple has a pretty good track record of turning anything it touches into gold, and the firms it teams up with tend to prosper profoundly. It will take time, perhaps years, for spatial computing to mature. The first Apple Vision headset is undeniably expensive, but the tech will improve, and prices should fall with time. Next year's Vision Pro model may be miles behind a non-Pro version that launches after it, especially at the rate Apple Silicon is improving. For now, Unity stands out as an innovative company that may very well be the Nvidia ( NASDAQ:NVDA ) of the AR/VR world. Only time will tell if VR/AR, spatial computing, and the Metaverse will experience another euphoric surge. Regardless, I do think it will be hard not to be enthused after trying an Apple Vision Pro in stores next year. Earlier this year, innovation investor Cathie Wood bought a big chunk of Unity shares. She's all about disruptive innovation, and I think she'll look very smart if the Apple-Unity partnership pays off in a year or two. Is Unity Stock a Buy, According to Analysts? Turning to Wall Street, U stock comes in as a Moderate Buy. Out of 14 analyst ratings, there are seven Buys, six Holds, and one Sell rating. Nonetheless, the  average Unity Software stock price target is $39.67, implying downside potential of 3.4%. Analyst price targets range from a low of $16.00 per share to a high of $66.00 per share. The Bottom Line on Unity Shares Unity stock seems too hot to handle following its vertical surge on the Apple Vision Pro partnership announcement. Still, I think the stock has more room to run as it kicks off what could be a rush to tech stocks with skin in the AR game. Disclosure

The U.S. telecom stocks fell under pressure earlier this month, thanks in part to Amazon's ( NASDAQ:AMZN ) potential move to bring its disruptive impact to the wireless scene. Indeed, the most disruptive name in mega-cap tech is back at it, with the likes of Verizon ( NYSE:VZ ) and T-Mobile ( NASDAQ:TMUS ) that appear to have fallen within Amazon's crosshairs. According to a Bloomberg report, the e-commerce and cloud behemoth is reportedly working on adding wireless services at a reduced or complimentary perk for Prime members. Undoubtedly, including such services could act as another heavy weight on the shoulders of the already-ailing telecom companies while taking Prime subscription growth to the next level. Prime has already been one of the best value subscriptions for Amazon's avid users, and the perks seem to just keep piling up! Mobile connectivity could be the biggest perk yet, even if users need to pay a small nominal fee (around $10/month) to get it. Whether Amazon's foray into wireless upends the industry remains to be seen. Indeed, Amazon spokesperson Brad Mattinger denied his firm is negotiating with wireless carriers to bring the service to Prime. New Tech Could Cause the "Commoditization of Data" to Accelerate The Amazon wireless news seems to have really caused investors to sour on all things telecom. This raises the question -- are wireless services a mere commodity that any tech-driven firm can offer? As tech improves and the cost of data becomes cheaper, I do think the answer gravitates toward "yes." It's not just mega-cap tech titans that could devalue the cost of various telecom services. Satellite connectivity has advanced considerably in recent years. With Elon Musk's Starlink offering internet coverage via satellites in space, the so-called "space race" could take on a whole new meaning, and traditional telecom companies with tons invested in infrastructure could be the ones to be left behind. Indeed, it's too early in the game to conclude that telecom carriers are bound to falter in this new tech-driven era. Regardless, I do believe it's a good idea for companies like Verizon or T-Mobile to consider spending more time and money thinking about how the Internet will be delivered in the distant future. Perhaps that future isn't so distant if you've had a chance to test out Starlink's impressive low-latency Internet! The Wide Moat Protecting the Telecoms Could Erode Quickly From Here It's not so easy to start up your own telecom company. Considerable infrastructure costs have allowed many telecom firms to pay very generous dividends as wide economic moats protected cash flows from technological disruption. However, that era may be coming to an end if companies like Starlink look to change how and where we get our data. Further, wireless services may be viewed as just another service for the mega-cap tech companies to add to their arsenals to further bolster their service revenues. Indeed, it certainly seems like mobile data could be the new streaming through the eyes of companies like Amazon or Apple ( NASDAQ:AAPL ), a firm that brought satellite internet connectivity via its Emergency SOS feature (which allows the newest version of iPhones to send emergency messages via communication satellites when there is no cell signal). While satellite internet is definitely novel, I'm not so sure shareholders of traditional telecom companies need to hit the SOS button quite yet. Satellite connectivity could be the future, but it's still in the early innings. Further, there are challenges that could prevent Amazon from bringing telecom services to Prime in the nearer term. The company needs to ink a deal with existing carriers, which could be no easy task, especially if carriers recognize what it could mean to do a deal with Amazon. Call it "a deal with the devil," if you will. The American telecom scene is competitive, but it could take many years before satellites and Prime perks drive down the price of data at an accelerated rate. As spatial computing (think VR and AR) become more commonplace, demand for fast, low-latency data could surge, and that's a good thing for the telecom scene as a whole. When it comes to Verizon stock, shares have arguably priced in the worst. The stock is coming off a fresh multi-year low at $34 and change. Yes, there are headwinds, potentially secular ones. But the ~7.0 times trailing price-to-earnings multiple just seems to factor in none of the positives and all of the negatives. How Do Analysts View These Stocks? Using TipRanks' comparison tool pictured below, we can see that AMZN and TMUS are rated as Strong Buys on Wall Street, while VZ stock sports a Moderate Buy rating. TMUS has the highest upside potential, according to analysts, with 35.1% expected in the next 12 months. VZ and AMZN have upside potential of 25.6% and 8.8%, respectively. The Takeaway It's a worrying time to be a telecom investor. Nevertheless, though the future is uncertain, I think most of the fear is already baked into telecom shares at this juncture. Satellite connectivity and Prime wireless are interesting but may be a long way off from becoming mainstream. In that regard, the telecoms still look more than investable as they sag on recent woes. Disclosure

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Over the past few months, I have written many research notes on future mobility (which includes both electric vehicles and autonomous vehicles — there is a difference). One of the biggest issues that I’ve seen is the divergence between the newer, emerging EV stocks (which have just started production) and the legacy automakers (which have been [...] Read more at ETFtrends.com.

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Unity (NYSE: U) has been seen as one of the big winners from Apple's (NASDAQ: AAPL) virtual reality (VR) announcement last week. As a development partner, it could be a winner in the long term. In the video below, Travis Hoium highlights why investors should temper their expectat

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Apple ( NASDAQ:AAPL ) has been on an unbelievable run since bottoming out earlier this year. Though UBS slapped the stock with a downgrade as shares flirted with new highs, I do think it's never a good idea to bet against CEO Tim Cook. Apple continues to evolve in Cook's hands, with a booming services business that's grown by leaps and bounds and an incredible new product category that aims to bring AR (augmented reality) technology to new levels. In this piece, we'll look at three ways to ride Apple's coattails as it becomes a $3 trillion behemoth. Let's make use of TipRanks' Comparison Tool to check in with three stocks (including Apple) to benefit as Apple extends its dominance into new markets. Goldman Sachs ( NYSE:GS) Goldman Sachs is a long-time investment bank that teamed up with Apple a few years ago to help launch the Apple Card. As Apple looks to expand upon its financial technology offerings, Goldman could play a key role in helping the tech giant on the financial side of things. Now, Goldman has had less-than-stellar results with its own consumer banking push. Eventually, CEO David Solomon stated his company "tried to do too much too quickly," As it turned out, consumer banking isn't too simple to break into, even with a strong brand and a rich history on the investment-banking side. However, with a mutually-beneficial relationship with tech titan Apple, I do think Goldman stands to benefit quite a bit as Apple gets even more serious about its fintech ambitions. For this reason, I'm staying bullish on Goldman. Apple's move into high-interest savings accounts could disrupt the consumer banking industry as we know it. A 4.15% rate on deposits is just too good a deal for Apple users to pass up. Thanks to a bit of help from Goldman and a massive ecosystem of loyal customers, I do think Apple's push to become a neobank will be a profound success. Still, don't count on Apple to "rush" into the space, as Goldman may have done when it decided to enter consumer banking back in 2016. In a way, Apple may have learned from the missteps of its big-finance partner. Looking ahead, I'd look for the Apple-Goldman relationship to continue as the bank looks to offer even more services. With Apple on its side, I'd say Goldman is on the right track as it looks to expand beyond investment banking and wealth management. What is the Price Target for GS Stock? Goldman Sachs is a Strong Buy based on 12 Buys and two Holds. Further, the average GS stock price target of $406.29 implies 20.1% upside potential. Walt Disney ( NYSE:DIS) Disney CEO Bob Iger made a surprise appearance during Apple's latest WWDC keynote. Iger announced the intention to bring the magic of Disney over to Apple's spatial computer (or headset) in the Apple Vision Pro. Even before the announcement, the rumor mill (and an analyst) has been looking for Apple to acquire Disney outright. Disney stock has been one of the biggest laggards in the Dow, and Iger hasn't really been able to capture the enthusiasm of fed-up investors. With Disney+ coming to Apple Vision Pro and other impressive experiences (perhaps a fully-immersive VR content from National Geographic, Star Wars, and Marvel) that could be in store, I'd look for Disney+ to finally have an edge over peers in the streaming space. For now, I'm staying bullish. Currently, I think Disney has a lot to gain, perhaps more than Apple, as it embraces new frontiers with Apple's revolutionary AR tech. For now, investors aren't too excited about the Disney-Apple pair as they venture into the spatial worlds of tomorrow, but I believe they should be. Disney stock trades at $92 and change per share, quite close to 52-week low. As Apple Vision Pro goes for sale next year, while Disney gets to work on AR/VR types of experiences, look for DIS stock to make up for lost time. What is the Price Target for DIS Stock? Disney stock has a Strong Buy rating, with 13 Buys and four Holds assigned in the past three months. The average DIS stock price target of $122.69 entails a juicy 32.7% gain from here. Perhaps working with Apple could help fuel a rally in the stock. Apple ( NASDAQ:AAPL) It was an exciting time for Apple earlier this month as it pulled the curtain on its much-awaited headset, the Apple Vision Pro. As impressive as the hardware, design, and capabilities were, many Apple fans suffered from a bit of sticker shock when the steep $3,499 price tag was announced. Understandably, it's not a cheap device. That said, I still believe it will be a success comparable to the likes of the first iPhone. With that in mind, I remain bullish on AAPL stock. The headset (or spatial computer as Apple calls it) seems to lack that "killer app" that it may need to justify its hefty price tag. However, let's remember the device isn't ready to launch in the U.S. until next year. There are still a lot of finishing touches that Apple needs to do, and as developers get busy, I do think the Vision Pro will have more than enough apps, perhaps even some killer apps, come launch day. Further, Apple's services business will keep moving forward. Specifically, I'd look for Apple to make a bigger splash in fintech and gaming with a bit of help from some big-name partners. What is the Price Target for AAPL Stock? Apple's a Strong Buy on Wall Street, with 22 Buys and seven Holds. However, the average AAPL stock price target of $189.17 implies just 2.8% upside potential from here. The Takeaway Apple's rise has been impressive, and it could continue as it explores new frontiers with Vision Pro while offering value for users with its fintech push. Indeed, Apple stock is one obvious way to play the firm's strength. However, its teammates (think Goldman and Disney) may also stand to gain. Disclosure