US Stock Market Move | Synopsys, Inc. (SNPS.US) rebounded nearly 10% after a sharp drop of 35% yesterday.
After plunging 35% at the close on Wednesday, Synopsys Inc. (SNPS.US) rebounded nearly 10% on Thursday, closing at $425.49.
After a 35% plunge in Wednesday's closing, Synopsys, Inc. rebounded nearly 10% on Thursday to $425.49. On the news front, Oracle Corporation's financial report on September 10 showed significant growth in its AI business, with unrealized performance obligations reaching $45.5 billion, a 359% year-on-year increase, driving up AI-related concept stocks overall. Synopsys, Inc. is a global leader in EDA and semiconductor IP providers, with its business covering the field of chip design automation. Despite a target price revision, Morgan Stanley maintains a "buy" rating on Synopsys, Inc., reflecting institutional long-term confidence.
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