Jim Cramer’s Bullish AI Investment Thesis Amid Iran Conflict: 6 Stocks in Focus

3. Synopsys, Inc. (NASDAQ:SNPS)

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.

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.