Figma Inc (NYSE:FIG) shares are trading higher on Tuesday as software stocks rebound, helped by a fresh call from JPMorgan strategists who say the sector may be ready to recover from recent AI‑driven volatility. Here’s what you should know.
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JPMorgan’s team, led by Dubravko Lakos‑Bujas, argued that the sharp selloff in software names — fueled by fears that rapid AI advances could disrupt traditional business models — has gone too far. They believe the pullback has created opportunities, especially in higher‑quality software companies, Reuters wrote.
“The market is pricing in worst‑case AI disruption scenarios that are unlikely to materialize over …