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Synopsys Gains Momentum on AI-Driven Chip Design Demand
NASDAQ COMPOSITE
SNPS
4 min read | May 28, 2026 11:43 AM PDT | By Anmol Khazanchi
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Synopsys Inc (SNPS) moved down by 9.11%. The Software & IT Services sector is up by 3.23%. The company underperformed the industry. Top 3 stocks by turnover in the sector: Microsoft Corp (MSFT) up 3.57%; Meta Platforms Inc (META) down 0.63%; Snowflake Inc (SNOW) up 38.32%.
Synopsys (SNPS) experienced a significant intraday decline on Thursday, May 28, 2026, despite reporting strong second-quarter
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2026-05-29
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2026-05-29
Synopsys
SUNNYVALE, Calif., May 28, 2026 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced at Samsung Advanced Foundry Ecosystem (SAFE) Forum 2026 its latest collaborations with Samsung Foundry on advanced nodes, including an expanded portfolio of production‑ready, AI-powered EDA tools, certified interface IP, and silicon-based test capabilities, enabling customers to bring differentiated AI an