Figma (FIG) Stock Is Trending After Google’s AI ‘Vibe Design’ Tool Unveiled: Here Is What You Should Know

Figma Inc. (NYSE:FIG) shares are trending on Wednesday night.

After-Hours Dip Extends a Brutal Session

Shares of the software company fell 0.24% to $25.20 in after-hours trading on Wednesday.

According to Benzinga Pro data, the stock had dropped 7.98% in the regular session to close at $25.26. The decline comes as investors react to a direct competitive challenge from Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL).

Google Stitch Enters the Design Arena

Figma is a cloud-based collaborative design platform widely used by product teams and UI/UX designers to build and prototype software interfaces.

Google Labs, an experimental division of Google and a subsidiary of Alphabet, unveiled a major update to its Stitch platform on …

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