Cadence, Synopsys, and Ansys in Focus at Nvidia’s GTC Conference: Key Levels to Watch

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Nvidia CEO Jensen Huang made some significant announcements during his keynote address at the Nvidia GTC conference, mentioning three software companies that are collaborating with Nvidia to develop cutting-edge technologies. Cadence Design Systems, Synopsys, and Ansys are all leveraging Nvidia’s GPU technology to enhance their products and services. Let’s take a closer look at how these companies are benefiting from their partnerships with Nvidia.

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### Cadence Design Systems
Cadence Design Systems, a chip and computing system design software company, is utilizing Nvidia’s GPUs to build its supercomputer. This collaboration has led to a significant performance boost, with Cadence Design Systems’ shares gaining in after-hours trading following Huang’s remarks. The company’s stock has been on an upward trend, crossing above the 200-day moving average and showing a 45% increase over the past year. Investors should keep an eye on key support levels as the stock continues to climb.

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### Synopsys
Synopsys, a software automation software maker, is integrating its software with Nvidia’s computational lithography platform to accelerate the manufacturing of next-generation semiconductor chips. This partnership has propelled Synopsys’ share price higher, with the stock showing a steady uptrend since forming a bullish golden cross signal. The company’s shares rose by 2.5% in extended-hours trading and have gained about 50% over the past year.

### Ansys
Engineering software maker Ansys announced an increased collaboration with Nvidia to develop next-generation simulation solutions powered by accelerated computing and generative AI. This partnership will focus on areas such as accelerated computing, 6G communication systems, AI-infused simulation solutions, and autonomous vehicles. Ansys’ stock price has been trading within a narrow range, supported by key technical levels. The company’s shares increased by 1.6% in after-hours trading and have seen a 7% increase over the last 12 months.

These collaborations highlight the importance of partnerships between technology companies to drive innovation and develop cutting-edge solutions. By leveraging Nvidia’s GPU technology, Cadence Design Systems, Synopsys, and Ansys are able to enhance their products and services, leading to improved performance and capabilities.

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As investors continue to monitor these companies’ progress and developments, it is clear that their partnerships with Nvidia are playing a crucial role in their growth and success. By staying at the forefront of technological advancements and embracing collaboration with industry leaders like Nvidia, these companies are well-positioned to drive innovation and shape the future of their respective industries.

In conclusion, the collaborations between Cadence Design Systems, Synopsys, Ansys, and Nvidia are paving the way for groundbreaking advancements in technology. As these companies continue to leverage Nvidia’s GPU technology, investors can expect to see further growth and innovation in the semiconductor and engineering software industries. Stay tuned for more updates on these exciting partnerships and their impact on the tech landscape.

The comments, opinions, and analyses expressed in this article are for informational purposes only. For more information, please refer to Investopedia’s warranty and liability disclaimer. The author does not own any of the securities mentioned in this article. Visit Investopedia for the original article.

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