Figma's stock has been getting hammered on concerns about AI, and Google's new design product is adding to that anxiety.

Figma falls 35% YTD as Google Stitch raises AI competition fears. Google expands AI design tools, pressuring software sector stocks. Analysts see upside, but competition clouds Figma outlook.

Google LLC today released a new version of Stitch, an artificial intelligence tool that can generate user interfaces for websites and mobile apps. Shares of graphic design software maker Figma Inc.