10 Stocks Melt Down in Hours

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1. Synopsys Inc. (NASDAQ:SNPS)

Shares of Synopsys fell by 35.84 percent on Wednesday to a new five-month low, as investor sentiment was dampened by a dismal earnings performance in the third quarter of fiscal year 2025.

In intra-day trading, Synopsys Inc. (NASDAQ:SNPS) dropped to its lowest price of $380.84 before paring losses toward the end of the session.

This followed the release of its earnings performance in the third quarter, where Synopsys Inc.’s (NASDAQ:SNPS) net income declined by 40.56 percent to $242.5 million from $408 million in the same period last year, despite total revenues growing by 13 percent to $1.7 billion from $1.5 billion year-on-year.

“Q3 was a transformational quarter. Against a challenging geo-political backdrop, we closed the Ansys acquisition—expanding our portfolio, customer base, and opportunity. Now more than ever, Synopsys is the mission-critical partner technology R&D needs to design and deliver AI-powered products,” said Synopsys Inc. (NASDAQ:SNPS) President and CEO Sassine Ghazi.

“While I’m proud of how our team navigated external challenges in the quarter, our IP business underperformed expectations. We are taking action to enhance our competitive advantage and drive resilient, long-term growth,” he added.

While we acknowledge the potential of SNPS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNPS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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