Figma stock slumps as Google launches AI tool 'Stitch'

Figma shares plunged 8% after Google revamped its AI design tool, Stitch, adding capabilities that rival high-end platforms. The updated Stitch generates high-fidelity UI designs via natural language prompts and voice edits, making it accessible to non-designers. This AI advancement threatens Figma's market share, leaving retail sentiment on Stocktwits in bearish territory.