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Wajeeh Khan

Synopsys Pops as Chip Export Restrictions Lift. Should You Buy SNPS Stock Now?

Synopsys SNPs Berenberg the White House White House China United States

Synopsys (SNPS) shares closed more than 4% higher on Thursday, July 3 following the White House’s decision to lift restrictions on export of chip-design software to China. 

Investors are reading the announcement as an indication that China and the U.S. could soon reach a comprehensive trade agreement, releasing global markets from an overhang that’s plagued them for weeks. 

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