Core Insights - The tech market is experiencing significant volatility, with three notable stocks dropping over 60% from their 52-week highs, raising questions about recovery potential [2][7] - Figma's stock has seen a dramatic decline of 71% from its peak, attributed to an initially high valuation rather than poor business performance [3][4] - CoreWeave's stock has also fallen 61% from its high, influenced by a general market decline and a revenue guidance cut for 2025 [5][6] Company Performance - Figma reported a revenue growth of 38% last quarter and raised its sales and operating profit guidance for the year, despite a decrease in adjusted free cash flow margin from 31% to 18% [4] - The company added over 1,000 new paying clients, bringing its total to just over 12,900 [4] - CoreWeave's relationship with NVIDIA has been beneficial, but its stock has faced pressure following a revenue guidance cut [5][6] Market Trends - The tech sector is characterized by hype-driven rallies that can lead to significant gains followed by harsh corrections [2] - Investor sentiment is shifting, with valuation concerns and competitive threats impacting stock performance [7]