On July 14, Figma fell 7.99% in regular trading, trading at $22.27/share, with turnover of $118 million. The decline came as IBM's disappointing preliminary Q2 results triggered a broad sell-off across the software sector, compounded by profit-taking following Figma's 5%-plus rally the prior session.

IBM disclosed preliminary Q2 revenue of approximately $17.2 billion, missing the consensus estimate of ~$18.0 billion by roughly 4%. CEO Arvind Krishna attributed the shortfall to customers aggressively redirecting capital expenditure toward servers, storage, and memory hardware to secure supply amid industry-wide shortages, thereby cutting software budgets. The miss reignited concerns that AI infrastructure spending is cannibalizing enterprise software demand. In the aftermath, ServiceNow and Figma each fell over 7%, Workday dropped more than 6%, while Intuit, Adobe, and SAP declined over 4%.

Additionally, Figma's prior-session gains — driven by a Citi industry outlook report that raised AI sector revenue forecasts from $2.8 trillion to $3.3 trillion through 2030 — set the stage for pronounced profit-taking as sentiment reversed.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)