Nvidia has made a $2 billion investment in Synopsys and has a new partnership with the maker of chip-design software.
Nvidia takes $2 billion stake in Synopsys with expanded computing power partnership
Synopsys (SNPS) concluded the recent trading session at $409.68, signifying a +2.01% move from its prior day's close.
Synopsys (SNPS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Synopsys is well-positioned for growth, leveraging AI-powered EDA and the Ansys acquisition to drive innovation in chip design and verification. SNPS's strong financial performance, consistent revenue growth, and robust earnings outlook support a bullish stance, with explosive growth projected into 2026. Relative to peers, SNPS boasts superior profitability and is undervalued based on its P/S ratio, with forward revenue growth expected to accelerate.
Synopsys (SNPS) closed the most recent trading day at $383.82, moving 1.65% from the previous trading session.
After a strong multi-year rally, Synopsys (NASDAQ: SNPS) shares have pulled back in recent months, bringing the stock closer to a key technical support zone. The company, a leader in electronic design automation (EDA) software, has been a consistent performer, benefiting from the growing complexity of semiconductor design and rising demand for AI-driven chips.
Recently, Zacks.com users have been paying close attention to Synopsys (SNPS). This makes it worthwhile to examine what the stock has in store.
In the latest trading session, Synopsys (SNPS) closed at $395.6, marking a -1.29% move from the previous day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the closing of the recent trading day, Synopsys (SNPS) stood at $409.11, denoting a -1.74% move from the preceding trading day.
In the closing of the recent trading day, Synopsys (SNPS) stood at $442.93, denoting a -2.73% move from the preceding trading day.