Benchmark: Optimistic About AI-Driven EDA Prospects, Initiates "Buy" Ratings for Synopsys and Cadence

According to a report by Jinse Finance, on July 16, Benchmark recently initiated research coverage on EDA software leaders Synopsys and Cadence Design Systems, assigning both a "Buy" rating. The development of artificial intelligence, increasing complexity in semiconductor design, and robust industry fundamentals are expected to drive strong long-term demand for related companies. Benchmark has set a target price of $570 for Synopsys and $450 for Cadence, both offering significant upside potential compared to their recent stock prices.