Shares of multiple design software companies are trading higher after NVIDIA announced partnerships at its GTC 2024 event.
Portfolio Pulse from Benzinga Newsdesk
Shares of design software companies ANSS, CDNS, and SNPS are trading higher following NVIDIA's announcement of partnerships at its GTC 2024 event.
March 19, 2024 | 11:03 am
News sentiment analysis
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POSITIVE IMPACT
ANSS shares are trading higher due to NVIDIA's partnership announcements at GTC 2024.
ANSS's stock price is positively impacted as NVIDIA's partnerships can lead to increased demand for ANSS's design software solutions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CDNS shares are up following NVIDIA's GTC 2024 partnership announcements.
CDNS benefits from NVIDIA's partnerships, potentially boosting the use of CDNS's software in NVIDIA's ecosystem.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SNPS stock rises after NVIDIA announces partnerships at its GTC 2024 event.
The announcement of NVIDIA's partnerships is likely to increase demand for SNPS's design software, positively affecting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80