Figure Technology Solutions, Inc. (FIGR) hit another all-time high, rising 8.44% to $40.48 per share on Tuesday. Investors are betting on the company ahead of an expected interest rate cut by the US central bank, which could boost borrowing transactions through its platform. FIGR funds home equity loans in just 10 days, compared to the industry average of 42 days, benefiting from lower borrowing rates. The company debuted on the Nasdaq last week, raising $787.5 million from the sale of 31.5 million shares. Investors are considering FIGR as an investment, but some believe AI stocks offer greater potential for returns and lower downside risk.

Read more at Yahoo Finance: Figure Technology (FIGR) Hits New High Anew; Investors Place Bets Ahead of Fed Rate Cut