Which AI Stock Could Turn You Into a Millionaire: Figma or Palantir?

Published Date : 13/08/2025 

Both Figma and Palantir are promising AI stocks, but which one has the potential to turn your investment into a million-dollar portfolio? We compare their growth, market cap, and future prospects to help you decide. 

Investing early in the right stocks can sometimes be highly rewarding. For example, Palantir Technologies (NASDAQ: PLTR) went public in September 2020 with an opening share price of $10. Today, its shares trade at around $186. More recently, Figma (NYSE: FIG) conducted its initial public offering (IPO) on July 31, 2025, with a share price of $33. Although the stock has been volatile, it's still worth roughly $82. It's too late to get in at the very beginning for either of these artificial intelligence (AI) stocks. But which one is more likely to make you a millionaire?

One argument for why Figma could be more likely to be a millionaire-maker than Palantir is that it's much smaller. Figma's market cap of around $40 billion is only a fraction of Palantir's market cap of roughly $440 billion. Generally speaking, smaller companies have more room to grow than larger companies do.

Figma's growth is already impressive. Its revenue soared 46% year over year in its latest quarter. Customers are sticking with Figma's artificial intelligence (AI)-powered product design and development software, too, as evidenced by a sky-high net dollar retention rate of 132%. Figma's customer base includes 78% of the Forbes 2000 and 95% of the Fortune 500. We're talking about a list that features marquis companies such as Airbnb, Atlassian, DuoLingo, Microsoft, Netflix, The New York Times, and Zoom.

Figma could have a massive opportunity ahead. It estimates its total addressable market is currently around $33 billion, and IDC projects that more than 1 billion new apps will be developed by 2028. Figma's 2024 sales of $749 million are a drop in the bucket, compared to this growing market.

Perhaps the most compelling argument that Palantir is more likely to make investors $1 million than Figma is that it's growing faster. The company reported year-over-year revenue growth of 48% in the second quarter of 2025. Here's another biggie: Palantir has a 

Frequently Asked Questions (FAQS): 

Q: What is the 'Rule of 40' in the context of SaaS companies?

A: The 'Rule of 40' is a metric used to evaluate the performance of software-as-a-service (SaaS) companies. It suggests that a company's revenue growth rate plus its profit margin should be 40% or higher. A higher score indicates better financial health and growth potential.

Q: What is Figma's current market cap and total addressable market?

A: Figma's current market cap is around $40 billion, and it estimates its total addressable market to be around $33 billion. This suggests significant room for growth in the future.

Q: How has Palantir's stock price performed since its IPO?

A: Palantir Technologies went public in September 2020 with an opening share price of $10. As of the latest data, its shares trade at around $186, representing a significant increase in value.

Q: What is Figma's net dollar retention rate, and why is it important?

A: Figma's net dollar retention rate is 132%, which is very high. This rate indicates that existing customers are not only staying with Figma but also increasing their spending over time, suggesting strong customer satisfaction and loyalty.

Q: What is Palantir's 'Rule of 40' score, and what does it signify?

A: Palantir's 'Rule of 40' score is 94%, which is exceptionally high. This score signifies that Palantir is achieving a strong balance between revenue growth and profitability, making it a compelling investment opportunity. 

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