Jim Cramer Wonders Whether “Intel Crushed” Synopsys, Inc. (SNPS)

Company Overview - Synopsys, Inc. (NASDAQ:SNPS) operates at the beginning of the semiconductor supply chain, providing electronic design automation (EDA) software tools for chip companies like NVIDIA and AMD [2]. Recent Performance - Synopsys, Inc. reported third-quarter earnings with revenue of $1.74 billion and a profit-per-share of $3.39, which significantly missed analyst estimates, leading to a 35.8% drop in share price [2]. Market Relationships - The company's relationship with Intel is speculated to be a contributing factor to its recent struggles, as noted by Jim Cramer, who suggested that Intel's performance may have negatively impacted Synopsys [2]. - In July, Synopsys benefited from the lifting of certain restrictions on China product sales, which was discussed in relation to its partnership with NVIDIA [3]. Investment Perspective - While Synopsys is acknowledged as a potential investment, there is a belief that other AI stocks may offer greater returns with limited downside risk [3].