Jul. 4 at 7:01 PM
Shares of the California based chip designers rallied on Thursday, as the U.S. government lifted restrictions on exporting chip design software to China, according to announcements from companies in the industry.
$SNPS stock price rose +4.90% at
$548,74 &
$CDNS advanced +5.10% at
$326.81. Synopsys shares rose +10.70% in the past 5 sessions, +13.80% in the past month, +13.06% in 2025, but down -9.60% y/y, with a market cap of
$85.14B. Cadence shares are up +7.61% in the past 5 sessions, +10.30% in the past month, +8.77% in 2025 +3.59% y/y, with a market cap of
$89.23B.
