“3 AI Stocks to Buy Regardless of What the Fed Does!”
SNPS is undervalued relative to software peers (forward PE ~23 vs >30) and positioned to benefit from AI-driven chip design demand and agentic tooling.
Um, now I want to jump into stock number three. Stock number three is one that uh also has seen quite of a a drop uh from year to date. The stock is down roughly 17% from its overall 52- week peak.
The stock is down nearly 25% and that is Synopsis ticker SNPS.
Now, Synopsis is a company that helps it's a software player that helps with the signing of chips. Now, to me, there's two reasons why I like Synopsis right now. Well, three reasons.
First, let's talk about valuation. I was looking at forward PE valuation. This is a software company trading in my opinion at hardware levels. Neil forward PE of 23.56. That's around 23, right?
you again this is typically typically these software EDAs trade at north of 30 sometimes even north of 40