“Nvidia Partner Rides AI Megatrends To 3,594% Gain — With More To Come”
February 7, 2024
“Nvidia (NVDA) is sure to come up in any discussion of the best artificial intelligence stocks to watch. But don’t ignore Synopsys (SNPS), a key Nvidia partner. After already earning a spot on the IBD Long-Term Leaders list with a 3,594% run from a low in 2008 through the end of last year, shares of Synopsys stock stand poised to pop into a new buy zone — if the market cooperates…
While it did not join Nvidia on the list of the best 100 stocks of 2023, Synopsys generated a 65% gain last year. And although Nvidia has climbed beyond buy range, Synopsys continues to set up a new potential breakout as it bounces off its 50-day moving average…”