Group 1 - Thomson Reuters Corp will be added to the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted™ Index on July 28, 2025, replacing ANSYS, Inc. [1] - ANSYS, Inc. will be removed from multiple Nasdaq indices, including the Nasdaq-100 Tech Sector™ Index and the Nasdaq-100 ESG™ Index, on the same date [2] - Thomson Reuters Corp will also replace ANSYS, Inc. in the Nasdaq-100 Tech Sector™ Index and other related indices on July 28, 2025 [2] Group 2 - Nasdaq is a leading global technology company that provides services to corporate clients, investment managers, banks, brokers, and exchange operators [4] - The company aims to enhance liquidity, transparency, and integrity in the global economy through its diverse offerings, including data, analytics, and software solutions [4]

Core Viewpoint - Synopsys has successfully completed its acquisition of Ansys for $35 billion, receiving approval from Chinese regulators, which clears the final hurdle for the transaction that was previously approved by U.S. and European regulators with specific conditions [1][8]. Group 1: Strategic Importance of the Acquisition - The merger is seen as a transformative milestone for Synopsys, enhancing its capabilities in chip design and system-level simulation, which is crucial for developing complex intelligent systems [1][3]. - The acquisition opens new growth opportunities in sectors such as aerospace, automotive, and industrial equipment, potentially expanding Synopsys's market and business portfolio [2][7]. Group 2: Technological Integration - The combined company will provide a unified platform for developing complex multi-domain products, integrating EDA tools with advanced simulation capabilities [4][5]. - The integration of Ansys's simulation data with Synopsys's AI-driven EDA tools will enable smarter, automated collaborative design processes, optimizing power, performance, thermal characteristics, and reliability [5][6]. Group 3: Market Position and Competition - The merger reduces the number of independent players in critical technology areas, which may intensify competition and regulatory scrutiny, particularly from U.S., Chinese, and EU authorities [8][9]. - The combined entity is expected to strengthen Synopsys's technological leadership and position within the semiconductor ecosystem, potentially leading to further mergers or ecosystem changes in response to increased competition [2][7]. Group 4: Regulatory Considerations - The acquisition has raised antitrust concerns, but it has been approved by regulatory bodies with conditions to ensure interoperability with competitors' solutions [8][9]. - The merged company may face increased regulatory pressure due to its influence on key systems and design workflows in sensitive sectors like aerospace and defense [9].

7月17日，美国半导体EDA巨头新思科技宣布完成对仿真EDA公司Ansys的收购。该交易于2024年1月16 日宣布，作价350亿美元。新思科技希望通过并购整合芯片设计、IP核以及仿真与分析领域的领先企 业，助力开发者快速创新AI驱动的产品。2025年7月14日，中国国家市场监督管理总局宣布有条件批准 该项收购。至此，新思科技收购Ansys交易已获全部所需批准。据了解，收购完成后，前Ansys总裁、首 席执行官兼董事会成员Ajei Gopal和前Ansys董事会成员Ravi Vijayaraghavan将加入新思科技董事会，立 即生效。 ...

Core Insights - The Trade Desk Inc. (TTD) will join the S&P 500 on July 18, 2025, replacing ANSYS Inc. (ANSS), which is being acquired by Synopsys Inc. (SNPS) [1] - Following the announcement, TTD shares rose by 6.6% to $80.40, indicating strong investor sentiment [1] - TTD operates a leading demand-side platform (DSP) focused on data-driven advertising, aiming for revenue growth and profitability through its Connected TV (CTV) offerings and flagship products [2] Company Overview - TTD is positioned to benefit from the projected growth in the global digital ad spending market, expected to reach $1,483 billion by 2034, with a CAGR of 9.47% from 2025 to 2034 [3] - The company is focusing on expanding its global footprint and partnerships while maintaining its innovation edge [2][3] Financial Performance - For Q2, TTD anticipates revenue of at least $682 million, reflecting a 17% year-over-year growth, despite macroeconomic challenges [4][10] - Adjusted EBITDA is projected to be around $259 million [4] - TTD's shares have increased by 59.9% over the past three months, outperforming the Zacks Internet-Services industry and S&P 500 composites, which rose by 20.6% and 18.2%, respectively [11] Competitive Landscape - TTD competes with major players like Amazon (AMZN) and Alphabet (GOOGL) in the ad tech space, focusing on independent, cross-channel programmatic buying [5][7] - While Amazon leverages its first-party data for targeted ads, TTD offers a neutral ad platform targeting the open internet, which is particularly relevant in ad-supported streaming [7] Valuation Metrics - TTD currently trades at a forward price-to-sales ratio of 12.57X, significantly higher than the industry average of 5.44X [12] - The Zacks Consensus Estimate for TTD's earnings has remained stable over the past 60 days, with no revisions [13][14]

摩根士丹利认为，这些条件与欧美等其他监管机构提出的条件基本一致，互操作性在EDA领域本就是 标准做法。而不得拒绝与中国客户续签合同这一附加条款，可能与保障中国客户未来使用相关工具的权 限有关，尤其是考虑到此前美国商务部工业与安全局(BIS)曾有遏制向中国出口EDA工具的提议(目前该 限制已取消)。 该交易此前因中美贸易紧张局势以及芯片设计软件可能面临的出口管制等背景，已接受审查一段时间。 此次获得中国监管批准，对新思科技而言是积极利好。摩根士丹利指出，这是交易完成前的最后一个主 要障碍，预计交易将很快完成，公司可能在当地时间8月20日左右的业绩发布会上更新相关进展。 长期来看，摩根士丹利认为此次合并将增强新思科技在EDA市场的地位。该行一直认为，此次交易获 批的任何明确信号都将为股票重新评级铺平道路。目前，摩根士丹利维持新思科技"增持"评级，目标价 540美元。 智通财经APP获悉，摩根士丹利发表研报表示，中国国家市场监督管理总局(SAMR)日前有条件批准了 新思科技(SNPS.US)以350亿美元收购安斯科技(ANSS.US)的交易，该行认为，这一进展被视为该交易的 最后一道主要监管障碍得以清除，此次合并将 ...

Core Insights - ANSYS, Inc. and Synopsys, Inc. are set to finalize their merger on or about July 17, 2025, after receiving regulatory approval in all jurisdictions except China, which has now been granted [1][3][10] - The merger, initially announced on January 16, 2024, is valued at $35 billion, with Ansys shareholders receiving $197 in cash and 0.3450 Synopsys shares per ANSS share [3][10] - The combined entity aims to create a comprehensive engineering platform that enhances AI-driven product innovation, addressing the complexities of modern smart, connected devices [4][5][10] Company Overview - ANSYS specializes in simulation and analysis solutions, serving industries such as aerospace, automotive, and healthcare [5] - Synopsys is recognized for its advancements in silicon design and intellectual property, contributing significantly to semiconductor and system design [5] Market Performance - Following the merger announcement, shares of ANSYS rose approximately 3%, with a year-over-year gain of 16.8%, outperforming the Zacks Computer – Software industry's growth of 15.7% [2]

Core Viewpoint - Trade Desk Inc (NASDAQ:TTD) shares increased by 11.4% to $84.06 following the announcement that it will replace Ansys (ANSS) on the S&P 500 Index due to Synopsys (SNPS) acquiring Ansys for $35 billion [1][2] Group 1 - TTD's stock is trading at five-month highs and is on track for its best daily percentage increase since May 12, despite being down 30% year-to-date due to a significant post-earnings decline in February [2] - The 160-day moving average is currently limiting gains for TTD [2] Group 2 - Options trading activity has surged, with 53,000 calls and 19,000 puts traded, which is eight times the average daily volume, indicating strong interest in the stock [3] - The most popular options are the July 85 and 90 calls, with new positions being opened [3] - TTD has historically outperformed analysts' volatility expectations, reflected in its Schaeffer's Volatility Scorecard (SVS) rating of 90 out of 100 [3]

Ansys (ANSS) shares rallied 3% in the last trading session to close at $385.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.8% gain over the past four weeks. The increase in share price came after Synopsys announced that it has received all necessary regulatory approvals to proceed with the $35 billion acquisition of ANSS. The transaction, expected to close on or about Thursday, July 17, 2025, is subje ...

Group 1: Hong Kong Stock Market Highlights - Yunfeng Financial (00376) surged over 21% as the company plans to strategically invest in digital currency and AI sectors [1] - China Merchants Securities (06099) opened nearly 15% higher and is currently up over 4% after receiving approval for a virtual asset license [1] - GDS Holdings (09698) rose over 7% as its Southern GDS data center REIT concluded public investor fundraising ahead of schedule [1] - Hillstone Technology (01478) increased nearly 6% with positive earnings expectations, and Citigroup anticipates a favorable market reaction [1] - Sunny Optical Technology (02382) briefly rose over 3% and is currently up over 1% as its lithography equipment successfully entered Shanghai, indicating a shift to mass production [1] - Kintor Pharmaceutical (02171) saw an early gain of over 3% after achieving positive results in the European patent opposition process [1] - Bilibili (09626) rose over 5% as HSBC expressed optimism about its gaming and advertising business, with new games planned for 2025 [1] - Solar stocks experienced a decline, with institutions citing electricity prices affecting the stable profitability of new energy projects [1] Group 2: U.S. Stock Market Highlights - The U.S. nuclear sector saw gains, with NuScale Power (SMR.US) up 12.38% and Oklo Inc (OKLO.US) up 11.29%, following comments from the U.S. Energy Secretary about a nuclear revival [3] - Autodesk (ADSK.US) rebounded 5.05% after a period of decline, expressing confidence in its cloud and AI business strategies [3] - Sonnet BioTherapeutics (SONN.US) surged 86.46% due to a merger announcement, forming a cryptocurrency financial company valued at $888 million [3] - Quantum stocks rose, with D-Wave Quantum (QBTS.US) up 6.89% and Quantum Computing (QUBT.US) up 8.66% [3] - Hims & Hers Health (HIMS.US) increased 8.64% as it plans to enter the Canadian market with a generic drug following the expiration of a patent [4] - Rocket Lab (RKLB.US) rose 10.71% after Citigroup raised its target price, noting a significant increase in global space technology investments [4] - Nvidia-related stocks mostly strengthened as Jensen Huang made his third visit to China this year [5] - Cryptocurrency stocks collectively rose, with Bitcoin surpassing $120,000, driven by upcoming legislative reviews in the U.S. [5] - Tesla (TSLA.US) gained 1.08% amid investor speculation regarding a stake in xAI [5] - Netflix (NFLX.US) rose 1.35% ahead of its upcoming earnings report, with analysts projecting significant revenue growth [6]

Jeff Green, Founder, CEO, and Chairman, The Trade Desk and Andrew Wallenstein, Variety Intelligence Platform, President and Chief Media Analyst speak onstage at "Advertising’s New Normal: Unifying Streaming and Identity in 2023" during the Variety Entertainment Summit at CES at the Aria Resort & Casino on January 06, 2023 in Las Vegas, Nevada.Shares of The Trade Desk jumped 14% in extended trading on Monday, as the digital advertising company is set to to join the S&P 500. S&P Global announced that Trade De ...