On July 14, Figma fell 5.54% in pre-market trading, trading at $22.39/share, with turnover of $3.02 million. The decline came amid broad-based selling pressure across the application software sector.

On the news front, the application software industry experienced widespread weakness during the pre-market session, with major peers including Salesforce down 4.58%, Intuit down 4.51%, Palantir Technologies down 3.41%, and AppLovin down 1.77%. The sector-wide pullback followed a strong session on July 13 when AI application software stocks rallied sharply, with Figma itself gaining over 5% during regular trading that day on optimism around enterprise AI spending trends highlighted in a Citigroup industry outlook report.

Figma, Inc. is an AI-powered design platform that enables seamless collaboration across the entire product development lifecycle. Its products include FigJam, Figma Slides, Figma Design, Figma Draw, Dev Mode, Figma Sites, Figma Buzz, and Figma Make. The company was founded in 2012 and is headquartered in San Francisco, CA.

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