Jim Cramer on Synopsys (SNPS): “Long a Company We Have Championed Since the Beginning of Mad Money”

Synopsys, Inc. (NASDAQ:SNPS) is one of Jim Cramer’s latest stock calls as he discussed the bullish AI investment thesis amid the Iran conflict. Cramer showed bullish sentiment while discussing the company during the episode, as he said:

Since we’re at NVIDIA’s GTC event, it’s time to take a closer look at some of the AI kingpin’s most important partners. Take Synopsys, that’s a leader in electronic design and automation for semiconductors and electric components. It’s now a big player in engineering, simulation, and analysis following its acquisition of Ansys last year. Not only are they a key part of the chip food chain, but they also rely heavily on AI and accelerated computing to help their clients design better products. Now, this stock’s come in pretty significantly since last summer. This is off 35% from its highs last July… Long a company we have championed since the beginning of Mad Money.

A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels

Synopsys, Inc. (NASDAQ:SNPS) provides design and verification solutions for the semiconductor and electronics industries. It offers digital design tools, AI-driven software, and silicon-proven IP products that assist with the creation and manufacturing of integrated circuits. We recently mentioned the stock while discussing the best NASDAQ stocks to buy according to hedge funds. You can read more here.

While we acknowledge the risk and potential of SNPS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNPS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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