We recently published 10 Big Names Investors Are Dumping. Figure Technology Solutions, Inc. (NASDAQ:FIGR) is one of the worst performers on Wednesday.
Figure Technology snapped a three-day winning streak on Wednesday, losing 8.18 percent to close at $37.17 apiece as investors resorted to profit-taking following the previous days’ gains.
At intra-day trading, Figure Technology Solutions, Inc. (NASDAQ:FIGR) hit a new all-time high of $43.8 before profit-taking persisted to pull the company’s share price down at the market close.
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Figure Technology Solutions, Inc. (NASDAQ:FIGR) is a newly listed company, having debuted on the stock market only on September 11, 2025. During its IPO, it was able to raise $787.5 million through the sale of 31.5 million shares.
From its initial public offering price of $25 per share, its price has already jumped by 75.2 percent in just the past five trading days.
The previous days of rally can be attributed to expectations of an interest rate cut, which was officially announced by the US central bank on Wednesday.
Lower interest rates bodes well for Figure Technology Solutions, Inc. (NASDAQ:FIGR), which leverages blockchain technology to connect lenders and borrowers of home loans, as lower borrowing rates could spark more demand for mortgages, refinancing, and home equity loans.
While we acknowledge the potential of FIGR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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