Synopsys Shares Drop on Muted Forecast and China Export Curbs
Synopsys shares fell after the firm issued a cautious second-quarter forecast. Export curbs in China and a shift toward AI chips impact the outlook.
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Synopsys, Inc.[Symbol:{ "assets":{ "symbol":"SNPS" } }] shares fell more than 5% in extended trading on Wednesday after the company issued a second-quarter revenue forecast that failed to meet investor expectations. The chip design software provider is currently navigating export restrictions in China[Country:{ "assets":{ "country":"CN" } }] alongside broader economic uncertainty.
