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2 Software Stocks That Can Benefit From the Upcoming Chip Bull Market

Cadence Designs Systems and Synopsys provide essential tools for chip designers.

By Jose Najarro – Jul 13, 2023 at 3:28PM EST

In this video, I will discuss Cadence Design Systems (CDNS 2.83%) and Synopsys (SNPS 3.95%) and how they can benefit from the growing semiconductor market. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of July 13, 2023. The video was published on July 13, 2023.

Read Next

About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Jose Najarro has positions in Alphabet and Microsoft. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Cadence Design Systems, Microsoft, and Synopsys. The Motley Fool has a disclosure policy. 

Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Synopsys Stock Quote
Synopsys
NASDAQ: SNPS
$415.42
(-3.95%)-$17.07
Cadence Design Systems Stock Quote
Cadence Design Systems
NASDAQ: CDNS
$284.25
(-2.83%)-$8.27

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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