Feb. 16 at 1:07 AM
$FIG Figma (
$FIG) –
Why it's likely to win: Figma has the strongest "network effect." It isn't just a tool; it’s the infrastructure where product teams live. Even if AI generates the UI, teams still need Figma to review, prototype, and hand off to developers.
2026 Status: Despite an 80% drop from IPO highs, it maintains 90% gross margins and 131% net retention. Unlike others, Figma is successfully expanding into the developer market, which expands its total addressable market (TAM) rather than just defending it.