Figma's Stock Is Trading Like Artificial Intelligence (AI) Will Destroy Its Business. But Is That Really the Case?
Artificial intelligence (AI) can change the way many things are done, including photo editing. With the help of chatbots such as ChatGPT, it's easy for someone with no photo editing experience whatsoever to create a polished image that's suitable for use in a professional environment.
As a result, software stocks have been falling sharply in value amid concerns that they won't be needed. Figma (NYSE: FIG) is a prime example. Its software helps users collaborate and work together on websites and design projects. Since going public last year, the stock has lost more than 70% of its value.
Investors are trading the tech stock as if its business is hopeless. But here's why that could be a big mistake.
Source Fool.com
