Nvidia Stock Trends After Hours As Colette Kress Vows To Build On ‘Foundation’ Laid By Ousted CEO Jensen Huang
Nvidia shares rose 0.99% after hours following Jensen Huang’s immediate resignation, with Colette Kress named interim CEO.
Follow the latest Synopsys Inc. (SNPS) news and market headlines alongside the live SNPS price. Stay informed on what's moving SNPS.
Nvidia shares rose 0.99% after hours following Jensen Huang’s immediate resignation, with Colette Kress named interim CEO.
Nvidia's board backed Jensen Huang, then accepted his resignation 3 days later. Warren Buffett's decades-old reputation rule shows what was at stake.
Nvidia CEO Jensen Huang resigns after 33 years; CFO Colette Kress becomes interim CEO, while Harvey Jones is named board chair
Synopsys' EDA revenues grew 8.5% in Q3 FY26 with expectations for double-digit growth ahead, driven by rising semiconductor complexity and AI adoption. The company's AI partnerships with NVIDIA, Microsoft, and AMD have delivered significant productivity improvements, while the Ansys integration expands its addressable market. However, premium valuation and competitive pressure from Cadence and Keysight remain considerations.
Synopsys (SNPS) has been trending on Zacks.com and received a Zacks Rank #1 (Strong Buy) rating. The company is expected to report strong earnings growth of +42.1% year-over-year for the current quarter and +17.3% for the fiscal year. Revenue is projected to grow +37.8% for the current fiscal year. However, the stock is trading at a premium valuation (Value Style Score: D) compared to peers, and shares have underperformed the S&P 500 over the past month (-3.7% vs -2.4%).
Synopsys (SNPS) is recommended as a Strong Buy due to robust growth in AI-focused Design IP revenues (up 11% YoY), strategic shift toward custom IP subsystems, and strengthened competitive position through its EDA portfolio, NVIDIA partnership, and Ansys acquisition. Despite trading at a premium valuation (P/E 24.71X), the company's strong backlog, recurring revenues, and design wins across automotive and hyperscaler segments support continued growth.
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