Can the company justify its post-IPO valuation in a competitive, AI-disrupted market?Shares of Figma (FIG 5.43%) exploded this week after its public debut on Thursday. The stock is currently trading 253% higher than its initial public offering (IPO) price as of 3:17 p.m. ET. The extreme leap comes as the S&P 500 lost 2.4%, and the Nasdaq-100 lost 2.2% amid new tariffs and weak jobs data.Figma, which offers a web-based design platform that is used to create websites and apps, IPOed on Thursday at $33 a share ...