Synopsys stock slides 8% on AI disruption fears — what investors watch next for SNPS
Synopsys shares fell 8.5% Tuesday to $419.14, with volume more than double the 50-day average, as software stocks slid on concerns over new AI competition. The stock is down 36% from its July peak. Rival Cadence Design Systems dropped 7.15%. Synopsys will report fiscal Q1 results on Feb. 25.