The current SNPS stock price hovers near $602, showing resilience despite broader tech volatility. Analysts cite Synopsys’ strong semiconductor design software demand and record revenue growth, predicting potential upside if market momentum continues. “We think the market is too upbeat on long-term AI investment growth after cloud service providers hiked capital spending for 2025, and on the profitability of Chinese players that make advanced AI chips,” Lee wrote in a recent report covering semiconductor manufacturers. Among those companies, he likes TSMC and GlobalWafers 6488 for their strong margins and large exposure to US markets. Synopsys, Inc. (NASDAQ:SNPS) provides engineering solutions for designing and testing integrated circuits and systems. It offers electronic design automation software, silicon design tools, and intellectual property products. SNPS stock price has been trending upward, supported by robust earnings and AI-driven design software adoption. Investors are watching for breakout levels above $610, which could signal a new bullish phase in the semiconductor EDA sector.
