Jim Cramer Calls Figma an “Eclectic Design Distributor That’…

Figma, Inc. (NYSE:FIG) was among Jim Cramer’s stock calls on Mad Money as he discussed how semiconductor and AI infrastructure stocks are driving the market higher. Cramer discussed the stock ahead of the company’s earnings, as he remarked:

Thursday, we’re going to get the latest from Figma. Okay, now this is an eclectic design distributor that’s made life difficult for Adobe, which at one point had the field all to itself. I don’t know if the company can deliver terrific earnings, but I do know that you probably don’t want to own Adobe on the day Figma reports. Remember, just a few years back, Adobe tried to buy Figma for about $20 billion. The bid drew too much regulatory scrutiny to go forward. Figma’s only worth $10 billion now.

Photo by Adam Nowakowski on Unsplash

Figma, Inc. (NYSE:FIG) provides a cloud-based design platform that enables teams to collaborate on interface design, prototyping, and product development. It offers tools for design systems, whiteboarding, presentations, illustration, brand assets, websites, and AI-driven prototyping. During the April 13 episode, a caller asked for the reason behind the stock’s decline, and Cramer responded:

Well, okay, it’s going down and down because a lot of people feel you can do the same thing that Figma does with Google, I’m not kidding with Google, and that’s what’s causing it to go down and I don’t know how to stop that because some stocks that compete with Google just, well, that’s the wrong place to be.

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