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Sunnyvale, California-based Synopsys, Inc. (SNPS) provides electronic design automation (EDA) software products used to design and test integrated circuits. With a market cap of $76.2 billion, the company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip.
Shares of this global leader in EDA have notably underperformed the broader market over the past year. SNPS has declined 33.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 20.5%. In 2026, SNPS’ stock fell 15.3%, compared to the SPX’s 12.1% rise on a YTD basis.
