At $494.48, Synopsys (NASDAQ:SNPS | SNPS Price Prediction) looks constructive at current levels, with the chip design software leader trading well below its $651.73 52-week high as Wall Street fixates on accounting noise from the $35 billion Ansys acquisition rather than the agentic AI catalyst building underneath.
This AI Chip Design Stock Is 24% Below Its High While Revenue Grew 42%. Wall Street Is Focused on the Wrong Number
Source: 24/7 Wall Street