Figma Stock Surges 17.4% on OpenAI ChatGPT Integration Hopes

Figma shares soared 17.4% Wednesday, outpacing broader market gains as the S&P 500 and Nasdaq Composite ROSE 0.6% and 1.1% respectively. The design platform's rally extends this week's momentum following OpenAI CEO Sam Altman's DevDay announcement of a ChatGPT integration.

Altman demonstrated how users could verbally command Figma to transform sketches into functional diagrams, explicitly naming the platform during his presentation. With ChatGPT boasting 800 million users, investors anticipate Figma could dramatically expand its user base through this partnership.

The collaboration addresses market concerns about AI platforms cannibalizing traditional software. While some analysts question Figma's valuation, the market clearly views the OpenAI partnership as transformative for the design platform's growth prospects.