Synopsys Poised for Breakout as AI Megatrends Fuel Earnings Growth
• Synopsys is an AI stock that has gained over 3,500% since 2008, works with Nvidia, and continues setting up a potential breakout.
• Synopsys provides software for semiconductors, self-driving cars, machine learning, and cloud computing.
• Synopsys is acquiring Ansys, an engineering simulation software company, to capitalize on AI, silicon, and software megatrends.
• Synopsys recently posted accelerating revenue and earnings growth as demand rises.
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