Synopsys, Inc. (NASDAQ:SNP) is one of the Ten companies that partnered with Nvidia in 2026. According to a report published on April 8, KeyBanc analyst Jason Celino reiterated his Buy rating on Synopsys, Inc. (NASDAQ:SNPS) with a price target of $600. The company’s price target suggests a further 53% upside from current levels.
NVIDIA announced on March 16 that it is strengthening its partnership with Synopsys, Inc. (NASDAQ:SNPS) to bring AI-powered and GPU-accelerated solutions to semiconductor industrial design, engineering and implementation. SNPS is integrating NVIDIA technologies including Omniverse, CUDA-X and AI models into its software to improve the chip and system design process. The collaboration focuses on using agent AI and GPU acceleration to speed up complex simulations and reduce design time, replacing slower CPU-based processes. Synopsys, Inc. (NASDAQ:SNPS) is also deploying its tools on cloud platforms powered by NVIDIA, including Microsoft Azure and AWS. This allows for more scalable and faster performance.
Companies like TSMC, Honda, and Samsung are already using SNPS solutions powered by NVIDIA to accelerate chip design, simulations, and manufacturing. This partnership supports NVIDIA’s growth in AI-powered computing while helping SNPS deliver faster, more efficient design tools.
Founded in 1986, Synopsys, Inc. (NASDAQ: SNPS) is a provider of design intellectual property (IP) solutions. The company operates through Design IP and Design Automation. Provides digital and custom IC design solutions, verification solutions, FPGA design products and AI-powered EDA solutions.
While we recognize the potential of SNPS as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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