AI Fears Behind Gaming Selloff Are Overblown, mBank Says

The recent selloff in video-game developer stocks — tied to fears of disruption from Google’s Project Genie AI tool — is “unjustified,” mBank SA analysts said.

Shares of Unity Software Inc., Roblox Corp. and CD Projekt SA plunged on Friday after Google unveiled its AI prototype for generating virtual 3D worlds, on concerns it could threaten existing game developers. Unity and Roblox rebounded in premarket trading Monday, while CD Projekt fell in Warsaw for a third-straight session.