Cadence, Synopsys, and Ansys Stocks Surge Post Nvidia GTC 2025 Highlights – Key Price Levels & Insights
Explore the latest market movements of Cadence Design Systems, Synopsys, and Ansys following Nvidia's 2025 GTC conference, including critical chart levels and future outlooks.
During the 2024 Nvidia GTC conference, CEO Jensen Huang spotlighted Cadence Design Systems, Synopsys, and Ansys, catalyzing notable gains in their stock prices during after-hours trading.
Highlights from Nvidia's Keynote
- Cadence Design Systems is leveraging Nvidia’s cutting-edge GPUs to power its supercomputer development.
- Synopsys is integrating its software with Nvidia’s computational lithography platform to expedite the production of next-gen semiconductor chips.
- Ansys announced plans to deepen collaboration with Nvidia to create advanced simulation solutions driven by accelerated computing and generative AI, focusing on 6G communication and autonomous vehicle technologies.
Below, we analyze the technical charts and key support and resistance levels for Cadence (CDNS), Synopsys (SNPS), and Ansys (ANSS) following these announcements.
Cadence Design Systems (CDNS) – Trading at $307.50, Up 2.2% After Hours
Cadence’s shares climbed after Nvidia revealed its use of Nvidia’s fifth-generation GB200 GPUs, boasting up to 30x performance improvements over the H100 GPUs, to build its supercomputer. Since surpassing the 200-day moving average in November 2022, CDNS has maintained a strong upward trajectory, gaining over 45% in the past year. Investors should watch the 16-month uptrend line as a critical support level during potential pullbacks.
Synopsys (SNPS) – Trading at $574.74, Up 2.5% After Hours
Following Nvidia’s announcement of integrating Synopsys software with its computational lithography platform, SNPS shares rose significantly. The stock has been in a steady uptrend since the bullish golden cross in January 2023, with a key trendline from October 2022 providing near-term support amid recent retracements. Over the last 12 months, SNPS stock appreciated by approximately 50%.
Ansys (ANSS) – Trading at $340.50, Up 1.6% After Hours
Ansys plans to expand its partnership with Nvidia to innovate simulation technologies powered by accelerated computing and generative AI, targeting sectors like 6G communications and autonomous vehicles. The stock has formed a descending triangle pattern since breaking above the July 2023 swing high, with strong support near the 200-day moving average. A breach below this zone could prompt a retest of the October 2023 lows. ANSS has gained about 7% over the past year.
Note: This analysis is for informational purposes and does not constitute investment advice. The author holds no positions in the mentioned securities as of this writing.
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