Is Synopsys Stock Your Ticket to Becoming a Millionaire?

Electronic design automation (EDA) solutions company Synopsys (NASDAQ: SNPS) recently completed its long-awaited acquisition of engineering simulation software company Ansys. The deal was completed shortly after the company received the remaining approval it needed (from China) to make the acquisition. It's an exciting deal that promises to put the new Synopsys ahead of the curve in adopting increasingly complex artificial intelligence (AI)-led product design. That could result in a significant amount of value being generated for shareholders in the future.The company's core activity is EDA, which involves software and hardware that help customers design, verify, and manufacture integrated circuits. As such, its traditional end-market customers are semiconductor and electronics companies. However, that's only part of the story, because the ever-increasing integration of chips into products and their increasing complexity means Synopsys is selling to industries such as defense, automotive, data centers, consumer electronics, healthcare, and industrial companies, among others.The integrated circuits/chips are not just systems designed with a fixed and permanent end in mind; they are constantly interacting with their environment and driven by AI-powered interaction.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool