2 Software Stocks That Can Benefit From the Upcoming Chip Bull Market

By Jose Najarro – Jul 13, 2023 at 3:28PM

NASDAQ: SNPS

Synopsys

Market Cap

$83B

Today's Change

(2.56%) $13.55

Current Price

$543.66

Price as of April 26, 2024, 4:00 p.m. ET

Cadence Designs Systems and Synopsys provide essential tools for chip designers.

In this video, I will discuss Cadence Design Systems (CDNS 1.92%) and Synopsys (SNPS 2.56%) and how they can benefit from the growing semiconductor market. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of July 13, 2023. The video was published on July 13, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Jose Najarro has positions in Alphabet and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Cadence Design Systems, Microsoft, and Synopsys. The Motley Fool has a disclosure policy.

Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.