Figma vs. Palantir: Which AI Stock Will Mint Your First Million by 2026?

Wall Street's latest obsession? Betting on AI stocks that promise generational wealth—while quietly ignoring the graveyard of overhyped tickers. Figma and Palantir dominate the conversation, but only one has the ruthless execution to turn speculative frenzy into life-changing returns.

Design meets disruption

Figma's collaborative interface tools are eating Adobe's lunch, embedding AI to automate grunt work for 4M+ users. Viral adoption? Check. But can it monetize beyond freelancers and startups before cash burn triggers investor panic?

Big Brother's profit machine

Palantir's Gotham platform now tracks everything from Russian tank movements to Walmart's supply chain—with AI contracts locked in by Pentagon brass. Government reliance cuts both ways: 45% revenue growth last quarter, but one budget freeze away from a guidance bloodbath.

The verdict? Palantir's wartime tech stacks the deck for long-term compounders... assuming you can stomach the 'ethically flexible' client roster. Figma plays the prettier growth story—just don't cry when VCs dump shares at the first whiff of slowing NRR. (P.S.: Neither beats Bitcoin's ROI—but try telling that to your compliance department.)

Image source: Getty Images.

The case for Figma

One argument for why Figma could be more likely to be a millionaire-maker than Palantir is that it's much smaller. Figma's market cap of around $40 billion is only a fraction of Palantir's market cap of roughly $440 billion. Generally speaking, smaller companies have more room to grow than larger companies do.

Figma's growth is already impressive. Its revenue soared 46% year over year in its latest quarter. Customers are sticking with Figma's artificial intelligence (AI)-powered product design and development software, too, as evidenced by a sky-high net dollar retention rate of 132%.

Figma's customer base includes 78% of the Forbes 2000 and 95% of the Fortune 500. We're talking about a list that features marquis companies such as,,,,,, and.

Figma could have a massive opportunity ahead. It estimates its total addressable market is currently around $33 billion, and IDC projects that more than 1 billion new apps will be developed by 2028. Figma's 2024 sales of $749 million are a drop in the bucket, compared to this growing market.

The case for Palantir

Perhaps the most compelling argument that Palantir is more likely to make investors $1 million than Figma is that it's growing faster. The company reported year-over-year revenue growth of 48% in the second quarter of 2025.

Here's another biggie: Palantir has a "Rule of 40" score. The "Rule of 40" is a popular rule of thumb for evaluating software-as-a-service (SaaS) companies. Its premise is that a company's revenue growth rate plus its profit margin should be 40% or higher.

Palantir's "Rule of 40" score is a sky-high 94%. This puts the company in a league of its own among software makers.

Palantir's customer count of 485, as of June 30, 2025, is well below Figma's number of customers. However, the value of Palantir's contracts with customers is much larger. In Q2 alone, Palantir closed 157 deals of at least $1 million and 42 deals of at least $10 million.

The U.S. government remains Palantir's largest customer, and its government business continues to grow robustly. However, its commercial business is growing even faster. Palantir expects its commercial revenue to soar by at least 85% this year.

CEO Alex Karp wrote to shareholders recently that the company's U.S. commercial business is "the emerging Core of Palantir and the seed of what an entire industry will become, perhaps the world's most dominant, in the years to come."

And the winner is...

When all factors are considered, I think that Palantir is more likely than Figma to make you a millionaire. Palantir's opportunity appears to be larger than Figma's, in my view.

That said, don't expect an investment of $10,000 in Palantir to grow to a cool $1 million. Much of the company's growth prospects are already baked into its share price and then some, with its price-to-earnings-to-growth (PEG) ratio of 4.89. If you're hoping to become a millionaire with a relatively small initial investment, you'll probably need to look elsewhere.