Stock News Spotlight: Synopsys (NASDAQ:SNPS)

Synopsys (NASDAQ:SNPS) stock identified change of 27.26% away from 52-week low price and recently located move of -21.05% off 52-week high price. It has market worth of $20.50B. SNPS stock has been recorded -11.27% away from 50 day moving average and -4.25% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.73% off 20-day moving average.


  • Inspired by DeepMind’s AlphaZero AI that mastered complex games like chess and Go, Synopsys’™ solution is able to autonomously search for optimization targets in very large solution spaces of chip design
  • Synopsys’ massively scales exploration of options in chip design workflows while automating less consequential decisions, significantly augmenting the throughput of chip design teams
  • Development partners have realized disruptive results with, achieving targets in a fraction of the time and with fewer resources

On March 11, 2020, Synopsys (NASDAQ:SNPS) notified a major breakthrough in electronic design technology with the introduction of™ (Design Space Optimization AI), the industry’s first autonomous artificial intelligence application for chip design. Inspired by DeepMind’s AlphaZero that mastered complex games like chess or Go, Synopsys’ solution is an artificial intelligence and reasoning engine capable of searching for optimization targets in very large solution spaces of chip design. revolutionizes chip design by massively scaling exploration of options in design workflows while automating less consequential decisions, allowing SoC teams to operate at expert levels and significantly amplifying overall throughput.

The Technology sector company, Synopsys noticed change of -2.55% to $131.74 along volume of 2063092 shares in recent session compared to an average volume of 1.24M. The stock observed return of -10.27% in 5 days trading activity. The stock was at -16.05% over one month performance. SNPS’s shares are at -0.38% for the quarter and driving a 23.24% return over the course of the past year and is now at -5.36% since this point in 2018.

The average volatility for the week at 4.67% and for month was at 3.69%. There are 155.59M shares outstanding and 149.09M shares are floated in market. Right now the stock beta is 1.14.

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Shawn Harris

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.

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