New York, Feb 10, 2026, 10:39 EST — Regular session
- Figma shares rose about 10% in morning New York trade after a sharp sector selloff.
- Retail inflows into a key tech-software ETF hit a record, as dip buyers returned.
- The next catalyst for FIG is its Feb. 18 earnings report.
Figma, Inc. (FIG) shares rose on Tuesday morning, extending a rebound in beaten-down software stocks. The stock was up 10.4% at $24.41 by around 10:40 a.m. in New York, after trading between $21.90 and $24.53, valuing the company at roughly $11 billion. 1
The move comes as investors pick through software names after last week’s slide, when advances in artificial-intelligence tools revived fears that some products could be disrupted. Retail inflows into BlackRock’s iShares Expanded Tech-Software Sector ETF (IGV) — an exchange-traded fund, a basket of stocks that trades like a share — hit a record $176 million on a one‑month rolling basis as of Monday’s close, according to Vanda Research data cited by Reuters. 2
Even with that dip-buying, traders are still braced for more turbulence. The software and services group has lagged the S&P 500 by nearly 24 percentage points over the past three months, Reuters reported, and options markets are still pricing in large swings. Thirty‑day implied volatility — the options market’s estimate of how much prices might move — was about 41% for IGV, while short interest sat near record levels, the report said. 3
A small research upgrade may also be adding fuel. Wall Street Zen upgraded Figma to “hold” from “sell” on Sunday, MarketBeat reported. 4
Figma, based in San Francisco, sells collaborative design software used to build websites and apps. It listed in July after a $20 billion sale to Adobe was scrapped, pricing its IPO at $33; the stock jumped 158% on its first day of trading, Reuters reported. 5
Investors now have a nearer date to watch. Figma is due to report results on Feb. 18, and the shares have ranged from $19.85 to $142.92 over the past 52 weeks, according to Investing.com. 6
The broader tape was uneven on Tuesday after data showed U.S. retail sales were unexpectedly flat in December. “It’s really the retail sales data that’s come out below expectations that’s driving some of the weakness,” said Charlie Ripley, vice president of portfolio management at Allianz Investment Management. 7
For Figma, the focus is on what management says about demand, pricing and the spending mood among larger customers. Any update on competition matters too, as AI features spread across design and productivity tools.
But the rebound could fade quickly if the results or outlook disappoint, or if AI anxiety keeps spreading beyond equities. Morgan Stanley warned Tuesday that the AI-led software selloff is starting to show up in credit markets and said it expects “continued price volatility” even if a near-term spike in defaults is unlikely. 8
