Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares in Synopsys Popped Higher Today


Shares in electronic design automation (EDA) company (NASDAQ: SNPS) were up by more than 5% at 10 a.m. ET today. The positive developments came after officials from China and the U.S. confirmed that a new trade framework had been agreed upon between the two countries.

A thawing in the trade war with China matters to Synopsys for two main reasons. First, the company was forced to suspend its third-quarter and full-year guidance after the U.S. Department of Commerce applied new export restrictions that impacted Synopsys' ability to sell solutions to China. Second, China's market regulator has postponed approval of a merger between Synopsys and Ansys

Both issues are highly significant. In the first six months of its fiscal 2025, Synopsys generated almost 11% of its sales from China.

Continue reading


Source Fool.com

Synopsys Inc. Stock

€442.60
1.680%
Synopsys Inc. gained 1.680% today.
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
As a result the target price of 591 € shows a positive potential of 33.53% compared to the current price of 442.6 € for Synopsys Inc..
Like: 0
Share

Comments