The Best Semiconductor Stock to Buy in July Has Gained 1,400%
Summary
The Best Semiconductor Stock to Buy in July Here are some of the highlights from the discussion between 24/7 Wall Street Analysts Eric Bleeker and Austin Smith. So the downside to Synopsys is its exposure to these AI tailwinds is not lost on a lot of investors, and it currently trades for about 65 times trailing earnings, which is quite expensive. Another reason Synopsys has strong tailwinds is almost all the largest companies are now interested in building custom chips for their data centers. When a market becomes as big as quickly as something like artificial intelligence, you’re gonna have shortages people who understand these cutting edge technologies. This should give both Synopsys and main competitor Cadence a lot of pricing power on pro uh their products and ability to cross sell.