Investors interested in Computer - Software stocks are likely familiar with Progress Software (PRGS) and Synopsys (SNPS). But which of these two stocks offers value investors a better bang for their buck right now?
In the race to dominate AI, most of the attention has fallen on the big cloud and AI giants snapping up chips by the truckload from the likes of NVIDIA Corporation NASDAQ: NVDA. Yet some of the smartest moves are arguably being made by those quietly building their own.
What happened Synopsys, Inc. (NASDAQ: SNPS) said Oct. 5, 2026 that it entered an accelerated share repurchase to buy back $1 billion of stock. JPMorgan Chase Bank, National Association is the counterparty to the agreement. Under the terms, Synopsys expects an initial delivery of approximately 1,735,000 shares. The company said the deal is an ASR.
SUNNYVALE, Calif., Oct. 5, 2026 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced that it has entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association to repurchase an aggregate of $1 billion of Synopsys stock.
Synopsys just surged to lead the Nasdaq 100 after a blockbuster Investor Day packed with OpenAI partnerships, Amazon deals, and a raised earnings outlook.
Synopsys earns a buy rating, driven by AI-fueled chip complexity and the transformative Ansys acquisition, expanding its addressable market beyond traditional EDA. Q3 FY26 revenue surged to $2.477B, with Design Automation comprising over 80% of sales; non-GAAP EPS rose to $3.91. Ansys integration enables Synopsys to address system-level modeling, with Multiphysics Fusion technology signaling long-term growth beyond silicon design.