SNPS 是一个看多论点；AI 智能体工具和定制芯片需求将加速其使用量和营收，使 23.56 倍的远期市盈率颇具吸引力。
逐段跳播
第三个将是 Synopsis，股票代码 SNPS。然后 Synopsis 是软件领域里我认为能够真正从当前 AI 市场中正在取得进展的智能体工具中大幅受益的一家公司。
and the third is going to be Synopsis, ticker SNPS. And then Synopsis is one in the software space that I believe can actually benefit dramatically from the agentic tools that we're seeing progress in the AI market right now.
现在，第三只股票是 Synopsis。就像我提到的，这是一家软件公司。不熟悉的人可能不知道，Synopsis 帮助你设计 AI 芯片。这就是整体的增长机会。但首先让我们谈谈估值。
远期市盈率 23.56。现在说说这里的风险。风险是什么？对吧？市场担心的是，AI 就像对任何其他软件公司一样，会来让这类公司变得过时。人们将能够在开源解决方案上进行设计。人们将不再需要 Synopsis。
但我认为情况完全不同。我认为 Synopsis 拥有大量数据。你将会有一种很好的方式，通过某些 MCP 来连接你的 AI 解决方案。它们必须让 AI 与软件进行通信。而我认为这会加速对 Synopsis 的需求，会提高使用量。
也许以前只需要一名工程师加一个种子，但现在是一名工程师加上无论什么消耗量，再加上他们正在使用的无论什么 AI 智能体，而以 23.56 的远期市盈率交易，看起来极其极其极其疯狂。
尤其是现在我们看到过去 12 个月的营收持续加速，对吧？与此同时，你也看到毛利润在增长。这家公司最近收购了 Anis，这有助于仿真。再说一次，这是我认为会随着 AI 和 AI 智能体继续增长的另一个市场，而 AI 工具调用将会是巨大的增长，如果这家公司重视这一点并把它非常好地变现的话，而看起来他们确实在尝试这么做。
所以这是一种独特的方式，既能参与半导体和软件的机会，又不只是纯粹的软件市场，也不只是纯粹的半导体股票。现在，我在他们最近一次财报中真正喜欢的一点是，他们在 8 月 26 日报告说，随着 AI 从数字基础设施扩展到实体产品，对硅的需求将继续扩大，为我们的标准化 IP 业务提供顺风。
不熟悉的人可能不知道，这家公司除了软件解决方案之外，还有某种预构建 IP 的授权费。我们看到大量参与者试图打造自己的 AI 芯片。他们提到这对他们的业务是一个顺风。他们看到 IP 方面有更高的增长机会，因为 AI 客户要求更深入的合作以满足需求。
他们正在扩展到差异化的 IP 子系统，并赋能定制硅解决方案。客户范围涵盖超大规模厂商、ASIC 供应商、晶圆代工厂，以及希望与 Synopsis 合作以加速其芯片开发工作、并利用我们的 IP 和工程专长来构建日益差异化的定制硅的传统半导体公司。
这是我们定制 IP 的代工厂模式。它从单纯的授权向上移动到价值链的更高处，变成授权加版税，并使我们能够抓住快速增长的定制硅机会市场，这极其看涨。他们谈到的另一件事是 AI 智能体，仍处于非常早期的开发阶段，但他们已经与 Microsoft、AMD、Nvidia 等公司建立了合作，展示这种 EDA 将如何成为附加价值。
他们已经提到，他们看到客户对我们的智能体 AI 平台有强烈兴趣，目前有超过 30 个活跃的客户合作正在进行中。而 Synopsis 今年以来，股价下跌了大约 17%。从它的整体 52 周高点算起，我大概说在这个位置附近。
现在，股价下跌了大约 26%。市值一千亿。庞大的软件基础，他们拥有的大量数据，巨大的敞口，以及不仅在半导体制造、现在还通过 Anis 收购进入仿真领域的一个平台。所以我相信他们拥有的数据将使他们变得极其关键，而 AI 智能体工具将会增加这一点，如果他们拥有某种基于消耗的商业模式，我们就能看到营收的涌入和毛利润的涌入或增长，以及一些巨大的顺风。
Now, stock number three is Synopsis. Like I mentioned, this is that software company. For those that are not familiar, Synopsis helps you design AI chips. And that is the overall growth opportunity.
But first let's talk at valuations. Forward PE of 23.56. Now the risk here. What is the risk? Right? The market is fearing that AI just like any other software company AI is going to come and make companies like this obsolete.
People will be able to design on open- source solutions. People are going to no longer need Synopsis. But I think there's a whole different case. I think Synopsis has a lot of data. you're going to have a a great way to connect your AI solutions via some of the MCP.
They have to communicate AI with softwares. And I think that's going to accelerate demand for synopsis where it's going to increase the usage. Maybe back then only a single engineer needed a seed, but now it's a single engineer plus whatever consumption plus whatever AI agent they're working with and trading at a forward PE ratio of 23.56 seems extremely extremely extremely crazy. especially when now we're looking at last 12 months revenue continues to accelerate, right?
And at the same time, you're also seeing gross profits increase. This company did recently make an acquisition of anis that helps with simulations. And again, that's another market that I believe will continue to grow with AI and AI agents and AI tool calling is going to be a massive growth if this company values that and kind of monetizes that extremely well, which it does seem like they are trying to do.
So this is a unique way of kind of getting into the semiconductor and software play without just being a pure software market or without being purely a semiconductor stock. Now one of the things that I really loved in their recent earnings which they reported in a on August 26 as AI extands beyond digital infrastructure into physical products demand for silicon will continue to expand providing a tailwind for our standardbased IP business.
For those that are not familiar, this company outside of their software solution also has kind of like a licensing fee of some IP that's pre-built. And we're seeing massive amount of players trying to build their own AI chips.
They mentioned that is a tailwind for their business. They're seeing higher growth opportunities in IP as AI customers are asking for deeper collaboration to meet the demand. They are expanding into differentiated IP subsystems and enabling custom silicon solutions.
Customers ranging from hyperscalers, ASIC vendors, foundaries, and classic semiconductors who want to partner with Synopsis to accelerate their chip development efforts and leverage our IP and engineering expertise to build increasingly differentiated custom silicon.
This is our factory to model for customized IP. It moves up the value chain from licensing alone to the licensing plus royalty and positions us to capture the fast growing custom silicon opportunity market which is extremely bullish.
The other thing they talk about AI agents they're still in very early developments but they've done partnerships with companies like Microsoft with AMD with Nvidia showcasing how this EDA is going to be an added value.
They already mentioned that they're seeing strong customer interest in our Aentic AI platform with more than 30 active customers engagements under way. And synopsis year-to date, the stock is down roughly 17%.
From its overall 52- week high, I'm going to say somewhere around here. Right now, the stock is down roughly 26%. Market cap hundred billion. massive software base, massive data that they have, massive exposure and and kind of a platform in not just semiconductor manufacturing but now with the ANIs acquisition in simulation.
So I believe the data that they have is going to make them extremely crucial and AI agentic tooling is going to kind of increase that and if they have some form of consumptionbased business we can see an influx of revenue and influx of gross margin as well or growth there and some massive tailwinds.
这个频道对 $SNPS 的历次判断
Jose Najarro Stocks 在这只股票上共 2 条判断，这里只列相邻的几条。