Latest news with #Synopsis
Yahoo
a day ago
- Business
- Yahoo
Why Cadence Design Systems, Inc. (CDNS) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Cadence Design Systems, Inc. (NASDAQ:CDNS) stands against other worst-performing stocks. Cadence Design dropped its share prices by 10.67 percent on Wednesday to finish at $288.61 apiece as reports that it was ordered by the US government to stop selling their software to China weighed down on investor sentiment. According to a report by the Financial Times, the Commerce Department instructed Cadence, alongside competitors Synopsis and Siemens EDA, to stop selling their designs to China. Synopsis, however, denied the report, saying it had not received any word from the government. An office of software engineers and designers collaborating on a digital project. The Chinese market was Cadence Design Systems, Inc.'s (NASDAQ:CDNS) fourth-largest market in terms of revenue mix, accounting for 11 percent of its revenues during the first quarter of the year. Americas remained the largest with 48 percent, followed by other Asian countries with 19 percent, and the EMEA (Europe, Middle East, and Africa) at 16 percent. If reports are true, the directive could significantly hurt the company's profits and margins in the future. Overall, CDNS ranks 6th on our list of worst-performing stocks. While we acknowledge the potential of CDNS our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDNS and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Why Cadence Design Systems, Inc. (CDNS) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where Cadence Design Systems, Inc. (NASDAQ:CDNS) stands against other worst-performing stocks. Cadence Design dropped its share prices by 10.67 percent on Wednesday to finish at $288.61 apiece as reports that it was ordered by the US government to stop selling their software to China weighed down on investor sentiment. According to a report by the Financial Times, the Commerce Department instructed Cadence, alongside competitors Synopsis and Siemens EDA, to stop selling their designs to China. Synopsis, however, denied the report, saying it had not received any word from the government. An office of software engineers and designers collaborating on a digital project. The Chinese market was Cadence Design Systems, Inc.'s (NASDAQ:CDNS) fourth-largest market in terms of revenue mix, accounting for 11 percent of its revenues during the first quarter of the year. Americas remained the largest with 48 percent, followed by other Asian countries with 19 percent, and the EMEA (Europe, Middle East, and Africa) at 16 percent. If reports are true, the directive could significantly hurt the company's profits and margins in the future. Overall, CDNS ranks 6th on our list of worst-performing stocks. While we acknowledge the potential of CDNS our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDNS and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Why Synopsis Stock Fell Today
The Trump administration has ordered Synopsis to stop doing business with Chinese chip companies. The company had already been under investigation by the Biden administration for dealing with the Chinese chip giant Huawei. 10 stocks we like better than Synopsys › Shares of Synopsys (NASDAQ: SNPS) fell on Wednesday. The company's stock dropped 10% as of market close. The move down came as the S&P 500 (SNPINDEX: ^GSPC) lost 0.6% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.6%. The chip design company's stock fell after news broke that the Trump administration told the company to stop selling its services to China. The Bureau of Industry and Security, which operated under the U.S. Commerce Department, sent letters to Synopsis, as well as two other companies, the Financial Times reported Wednesday. The command to end its ties with Chinese chipmakers will be a blow to the company's balance sheet. The company does substantial business in China; 16% of Synopsys's $6.1 billion revenue in 2024 came from the country. In the past, Synopsis had dealings with Huawei, one of China's largest chipmakers and the target of pressure from the Trump administration. That relationship with Huawei made Synopsis the target of the previous administration as well. The company was under investigation by Biden's Commerce Department, which believed it had passed critical chipmaking software to the Chinese company when it was banned from doing so. The case wasn't officially resolved, and no punitive action was taken. Although the Chinese-American trade war de-escalated last month, today's move shows things are far from over, especially when dealing with strategically important semiconductors. A spokesperson for China's Ministry of Commerce said this undermines the preliminary trade agreement forged last month and demanded that the White House "correct its mistakes." I would stay away from Synopsis until more information comes to light. Before you buy stock in Synopsys, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Synopsys wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Synopsys. The Motley Fool has a disclosure policy. Why Synopsis Stock Fell Today was originally published by The Motley Fool
Economic Times
20-05-2025
- Business
- Economic Times
ChatGPT user base grew fourfold in a year: Sam Altman
Synopsis OpenAI CEO Sam Altman revealed that ChatGPT's daily active users have grown over fourfold in the past year. The surge, driven by the GPT-4o launch and the viral Studio Ghibli trend in March, has significantly boosted engagement. Altman praised the engineering team's progress on speed and reliability amid this rapid growth.
Time of India
14-05-2025
- Business
- Time of India
JM Financial bets on banks, capex-led growth stocks with launch of new model portfolio for Indian equities
Synopsis JM Financial anticipates a pro-growth monetary policy under the new Reserve Bank of India Governor, Malhotra. The firm expects the central bank to potentially lower interest rates by 50 basis points during this cycle, citing stable inflation levels. Additionally, it highlighted the government's Rs 11.2 trillion capital expenditure plan for FY26 as a significant driver of economic growth.
