Figma Partners With Claude on Artificial Intelligence (AI). Could This Be the Catalyst the Stock Needs to Rally?

By David Jagielski, CPA – Mar 2, 2026 at 5:00PM ESTKey PointsFigma's stock has been crashing over the past year due to concerns about how artificial intelligence (AI) might impact its business.It recently announced a new feature that will help turn code into designs.The company's recent financial results show the business is still doing well, despite AI fears.There's plenty of bearishness these days around software companies amid concerns of whether they will really be needed with artificial intelligence (AI) making tasks a whole lot easier to do. Software that's involved with creating images can be particularly questionable, as making images is one thing AI chatbots can do really well. That's one of the reasons that a stock like Figma (FIG 0.34%) has been struggling mightily. It's down around 80% from its 52-week high of $142.92. While its results have been strong and its growth looks encouraging, investors can't seem to get past the long-term question marks about the business and its ability to grow with the looming AI threat. Recently, the company announced it would be partnering with a popular AI chatbot -- Claude, from Anthropic. It's an intriguing move, and it could emphasize, perhaps not necessarily risk, but opportunity related to AI. Could this be what Figma's stock needs to rally? Image source: Getty Images. Partnership will help turn code into designs Figma has announced that it has a new feature called "Code to Canvas," which will make it easy for people to turn code from Claude into designs that can be modified and fine-tuned within Figma's app. Coding is a popular use case for chatbots like Claude, which can create apps quickly and easily, even for people with no coding experience. The design piece, however, is where Figma hopes to add value in the process. Using its software to refine an application and make it work and interact precisely as it should is where Figma can still be incredibly useful. The big question, however, is whether chatbots could end up overtaking that part of the process as well. The encouraging sign, however, is that Figma is nonetheless finding collaboration opportunities that can enhance its potential due to AI. ExpandNYSE: FIGFigmaToday's Change(-0.34%) $-0.10Current Price$29.29Key Data PointsMarket Cap$15BDay's Range$28.28 - $29.8952wk Range$19.85 - $142.92Volume12MAvg Vol11MGross Margin82.43% Figma's stock has been showing signs of life In the past month, shares of Figma have risen by 22%, as investors have become more optimistic about the business, perhaps in part due to the partnership with Anthropic. Investors likely were also encouraged by the company's recent quarterly results. For the last three months of 2025, Figma's revenue totaled $303.8 million, growing by 40% year over year. Figma's strong results and partnership with Claude should give investors confidence that the business is not in as dire a situation as the market may have priced in at this point. The company is still projecting 38% revenue growth for the current quarter, as its business looks solid. For investors, this could be an underrated growth stock to buy right now, as the AI risk may be overblown.Read NextMar 1, 2026 •By Keith NoonanCathie Wood Goes Bargain Hunting: 3 Stocks She Just BoughtFeb 24, 2026 •By Jeremy BowmanWhy Figma Stock Popped TodayFeb 24, 2026 •By Will HealyIs Now the Time to Buy Figma Stock?Feb 23, 2026 •By Geoffrey SeilerBeaten-Down Figma Shares Rebound on Strong Growth Outlook. Is the Stock a Buy?Feb 22, 2026 •By Rick MunarrizCathie Wood Goes Bargain Hunting: 3 Stocks She Just BoughtFeb 12, 2026 •By Rick MunarrizCathie Wood Goes Bargain Hunting: 3 Stocks She Just BoughtAbout the AuthorDavid Jagielski, CPA, has been a contributing Motley Fool stock market analyst covering healthcare, consumer staples, consumer discretionary, and technology stocks since 2017. David has more than 10 years of experience in finance roles across businesses of different sizes and sectors. He holds a Certified Public Accountant designation in Canada.TMFdjagielskiStocks MentionedFigmaNYSE: FIG$29.29(-0.34%)-$0.10*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.