---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42511633.md"
description: "$Figma(FIG.US) rose about five points today. The direct catalyst was Bank of America resuming coverage, giving it a Buy rating and a $30 target price. The nearly 30% valuation cut in June has been mostly recovered over the past two days. $Salesforce(CRM.US) also followed higher. The semiconductor sector was under pressure all day due to Samsung's earnings report and news about DeepSeek's in-house chip development. Funds are clearly shifting from chips to software. Chip valuations have run too hot, making software a temporary safe haven. $Figma(FIG.US) saw its valuation slashed in June due to fears of AI disruption. Bank of America's Buy rating this time seems more like offering a step for the overcorrected valuation to recover."
datetime: "2026-07-08T10:39:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42511633.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42511633.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42511633.md)
author: "[好事连连](https://longbridge.com/en/profiles/27514675.md)"
---

# $Figma(FIG.US) rose about five points today. The d…


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