Jim Cramer recently discussed Figma, Inc. (NYSE:FIG), a software company that allows users to design AI products. Since its IPO, the stock has dropped by 53% and fell by 19.9% in September after its earnings report. Cramer believes Figma (FIG) needs to “blow out the quarter” due to its high P/E multiple. While Figma (FIG) has potential, other AI stocks may offer better returns with less risk. For more information on AI stocks, check out the recommendations in our free report. Visit Insider Monkey for more news.
Read more at 1. “Tech stocks rally as Nasdaq hits record high” – finance.yahoo.com
2. “Unemployment rate falls to 5.8% in latest jobs report” – CNBC
3. “Oil prices surge 3% following OPEC production cut” – Reuters
4. “Federal Reserve announces interest rate hike to combat inflation” – Wall Street Journal
5. “Bitcoin hits all-time high as cryptocurrency market booms” – CBS MarketWatch: Jim Cramer Says Figma (FIG)’s P/E Multiple Means You Better “Blow Out The Quarter,” After Shares Dipped By 19%
