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Cadence Design Systems sees AI agents as a key driver of growth in the semiconductor design industry. At Deutsche Bank’s annual technology conference, Richard Gu, vice president of investor relations, noted that increasing demand for custom chips from hyperscalers, autonomous vehicle companies, and

Synopsys Inc. (SNPS) surged over 11% following its third-quarter earnings report, driven by strong demand for AI chip design tools. The company reported revenue of $2.48 billion, up 42% year-over-year and exceeding expectations, with adjusted earnings per share of $3.91, surpassing analyst estimates

Synopsys raised its 2026 fiscal forecast as artificial intelligence (AI) drives increased demand for advanced chip design, leading to stronger-than-expected revenue and profit guidance. The EDA software provider now expects revenue of $9.69–$9.74 billion, surpassing previous estimates and analyst fo