Ansys Stock (NASDAQ:ANSS), Trade Ideas

Ansys

Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive.

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Piper Sandler initiated coverage on Synopsys Inc (SNPS) with Overweight rating and $665 price target. Analyst notes growth &amp; margin expansion.

This Large Cap Tech Stock Has &#39;Buy&#39; Rating From Various Analysts Recently On Potential Upside - Here&#39;s Why

Nvidia CEO Jensen Huang

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Nvidia CEO Jensen Huang experienced a drop in his company&#39;s stock after a highly anticipated presentation. However, the stocks of other companies mentioned during the event saw a significant rise.

Nvidia CEO Jensen Huang Becomes Stock Kingmaker Through Name-Dropping In Presentations

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Nvidia GTC 2024: CEO Huang Highlights Past, Present And Future Of AI — &#39;A New Industry Has Emerged&#39;

Ansys Inc

The release of AnsysGPT includes a more extensive knowledge base and advanced infrastructure for scalability to enhance the real-time customer support experience
/&nbsp;Key Highlights
<ul>
<li>AnsysGPT&#x2122; complements Ansys' artificial intelligence (AI)+ family of products by providing access to curated Ansys knowledge, 24/7 user support, and vast multiphysics expertise</li>
<li>The new tool features advanced data engineering to index information across the Ansys portfolio, forming a customized knowledge repository</li>
<li>AnsysGPT knowledge base increased by 30x since beta launch to deliver a broader, deeper portfolio for improved response accuracy and usefulness</li>
</ul>
PITTSBURGH, April 11, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4138404-1&amp;h=2250688222&amp;u=https%3A%2F%2Fansys.me%2F3UafELC&amp;a=Ansys">Ansys</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) today announced the release of its AI-powered virtual assistant, AnsysGPT. Built using ChatGPT technology, the virtual assistant fuses the expertise of Ansys engineers with the power of AI to deliver a general-use tool capable of providing rapid, 24/7 customer support. AnsysGPT is trained using Ansys data to provide useful responses to customers' most pressing engineering questions within seconds.
AnsysGPT aids existing teams by providing customers 24/7 access to a virtual assistant for queries concerning Ansys products, relevant physics, and other complex engineering topics. Through a secure, easy-to-use interface, designers and engineers receive real-time responses in numerous common languages to help them streamline simulation setup, browse related learning opportunities, and more.&nbsp;
The updated release follows rigorous testing of response accuracy, performance, and data compliance. AnsysGPT captures knowledge from new public sources, including product documentation, product and engineering-related training documentation, FAQs, technical marketing materials, and public Ansys Learning Forum discussions. Additionally, the upgraded infrastructure offers enhanced security and scalability to accommodate thousands of users.
"As complex simulations can be difficult to set up for beginners and experienced engineers alike, the utility of AnsysGPT cannot be understated," said Eugen Dinca, senior thermal simulation engineer, Continental Automotive Romania. "It's easy to use, it's reliable, and relevant, accurate information is displayed quickly. For example, my query was answered with all the necessary information, including relevant linking to documentation."
"The release of AnsysGPT marks the availability of a transformational AI-powered technical support avenue for Ansys customers," said Anthony Dawson, vice president of customer excellence at Ansys. "AnsysGPT is a complementary tool that empowers customers to find answers to intricate questions on their own. This release boasts improved response accuracy, performance, data security, and compliance for users — resulting in accurate, rapid answers to their most important engineering questions."

Ansys Releases AI-Powered Virtual Assistant AnsysGPT

Ansys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NYSE">ANSS</a>) short percent of float has risen 4.57% since its last report. The company recently reported that it has 1.25 million shares sold short, which is 1.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.88 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ansys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712329213_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ansys has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ansys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ansys's peer group average for short interest as a percentage of float is 4.18%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(ANSS) - Analyzing Ansys's Short Interest

Piper Sandler&nbsp;analyst Clarke Jeffries initiated coverage on&nbsp;Synopsys Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) with an Overweight rating and a&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SNPS/analyst-ratings" rel="noreferrer noopener">price target of $665</a>.
The analyst noted that from solid hyperscaler and data center activity, Synopsys has seen a substantial improvement in metrics over the past four years, growing at 15% CAGR and expanding operating margins by 1000bps since 2019.&nbsp;
Two transformative transactions could line up Synopsys for further margin expansion,&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/01/36646413/why-is-ansys-stock-trading-lower-tuesday" rel="noreferrer noopener">including the acquisition</a>&nbsp;of margin accretive&nbsp;ANSYS, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) with hundreds of millions in potential synergies in the years following the close and the sale of the Software Integrity Group (SIG), as over 90% of the margin expansion in the last three years has come from the Semiconductor &amp; System Design group, not SIG, as per Jeffries.&nbsp;
While the integration of Ansys &amp; the horizon for potential synergies create higher execution risk, he noted the sale of SIG will be a positive catalyst that reorients the conversation on core margin expansion soon.&nbsp;
More so than its competition, Synopsys has substantially invested in building a diverse product portfolio of semiconductor and system design tools, including becoming the largest provider of non-processor semiconductor IP (25% of revenue), which are design tools for reusable building blocks in chip design like memory, storage, I/O interfaces, Jeffries said.&nbsp;
With chips and systems seeing disaggregation with multi-die and multi-chiplet, Synopsys should be well positioned to address a longer tail of future designs as the proliferation of electronics in products continues, the analyst said.
While diversification into SIG, systems design &amp; design IP helped Synopsys grow double digits over the last decade, 12% CAGR, margin expansion from 2013 to 2019 was minimal (+100bps) even as revenue rose from $2 billion to $3.3 billion over the same period, he flagged.
However, in recent years, the story has changed. Jeffries said that Synopsys has seen a substantial acceleration in growth and operating margin expansion since 2019, with a 15% revenue CAGR and 1000bps of operating margin expansion.&nbsp;
This helped propel SNPS to being one of the best-performing software stocks over the last five years, with ~400% return vs. ~80% average return across Cloud stocks.
Jeffries projected second-quarter revenue and EPS of $1.44 billion and $2.93.
Synopsys stock gained 53% in the last 12 months. Investors can gain exposure to the stock via&nbsp;ProShares Nasdaq-100 Dorsey Wright Momentum ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQA#NASDAQ">QQQA</a>) and&nbsp;Themes Cloud Computing ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOD#NASDAQ">CLOD</a>).
Last week,&nbsp;Needham&nbsp;reiterated a buy rating on Synopsys with a $660 price target. Check out more&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/SNPS/analyst-ratings" rel="noreferrer noopener">bullish ratings</a>&nbsp;by various analysts on SNPS.
Price Action:&nbsp;SNPS shares are trading higher by 1.91% to $589.91 on the last check Thursday.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36028916/synopsys-hits-record-backlog-in-q4-analysts-elevate-price-targets-citing-fundamenta" target="_blank" rel="noreferrer noopener">Synopsys Hits Record Backlog In Q4, Analysts Elevate Price Targets Citing Fundamental Strength</a>
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This Large Cap Tech Stock Has 'Buy' Rating From Various Analysts Recently On Potential Upside - Here's Why

Ansys expands its electronics portfolio to streamline RF filter design workflows for wireless communications
/&nbsp;Key Highlights
<ul>
<li>SynMatrix is now integrated with <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4125586-1&amp;h=606940862&amp;u=https%3A%2F%2Fansys.me%2F4avh5tu&amp;a=Ansys+HFSS%E2%84%A2">Ansys HFSS&#x2122;</a> to reduce design time by over 50% for applications including&nbsp;5G, aerospace and defense, satellite communications, and radar</li>
<li>The joint solution empowers engineers with artificial intelligence (AI)-driven optimization for synthesizing and modeling diverse filter types</li>
<li>The workflow supports the entire&nbsp;RF filter development cycle from design and optimization to diagnostics and production tuning</li>
</ul>
PITTSBURGH, March 27, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4125586-1&amp;h=187390831&amp;u=https%3A%2F%2Fansys.me%2F3TPyMya&amp;a=Ansys">Ansys</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) today announced a new OEM partnership with SynMatrix to streamline RF filter design workflows for wireless communications applications. SynMatrix develops industry-leading RF filter design and optimization tools that integrate with HFSS electromagnetic simulation. Available through Ansys, SynMatrix software enables accelerated development, helps reduce project risk, and fosters the design exploration of new filter technologies.
The demand for 5G/6G wireless communications systems is growing exponentially. RF filters are essential for quality systems including satellite communications, radar, and aerospace and defense, but meeting design requirements can be challenging. In the past, RF engineers used complex calculations and multiple software tools to design filters. They then meticulously assembled these filters and physically tested them in a lab.
The SynMatrix partnership simplifies the workflow and reduces the number of software tools throughout the entire development cycle. It automates HFSS integration and AI optimization workflows to reduce design time by over 50%, enabling more design throughput and exploration. The integration automatically generates parameterized HFSS 3D models of common filter types to deliver predictively accurate simulation results.
"SynMatrix and Ansys are all about accelerating R&amp;D times in a cost-effective way," said David Shin, Director of Global Business Development at SynMatrix. "Integrating our RF filter design solution into the Ansys portfolio will help our joint customers future-proof their investments through our low-risk approach. The partnership with Ansys ensures accessibility and reliability and empowers innovative design exploration."
"MDA is very pleased with the SynMatrix software performance," said Jean-Daniel Richerd, RF engineering, MDA Space.&nbsp;"Not only is the product robust, but the support is also proactive and efficient. SynMatrix capabilities go beyond quick filter design; they also encompass the development of complex R&amp;D designs with demanding requirements for shape, size, and electrical specifications."
In addition to offering SynMatrix software to industry customers, it is also accessible to students and educators through the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4125586-1&amp;h=544967249&amp;u=https%3A%2F%2Fansys.me%2F3TBSEUk&amp;a=Ansys+Academic+Program">Ansys Academic Program</a>&nbsp;and to qualified participants in the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4125586-1&amp;h=4227678907&amp;u=https%3A%2F%2Fansys.me%2F3VuVhtF&amp;a=Ansys+Startup+Program">Ansys Startup Program</a>.
"We are happy to strengthen our partnership with SynMatrix by offering their world-class filter synthesis software," said Shane Emswiler, senior vice president of products at Ansys. "The coherence of the SynMatrix-HFSS integration empowers our customers to explore new filter technologies to remain competitive in their rapidly evolving markets. With this partnership, Ansys offers the deepest and broadest set of tools, workflows, and solutions to the RF simulation industry."

Ansys Forms OEM Partnership With SynMatrix To Accelerate RF Filter Design

Ansys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NYSE">ANSS</a>) short percent of float has risen 26.43% since its last report. The company recently reported that it has 1.21 million shares sold short, which is 1.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ansys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710871221_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ansys has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ansys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ansys's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Ansys?

WIIM

Shares of multiple design software companies are trading higher after NVIDIA announced partnerships at its GTC 2024 event.

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang experienced a drop in his company&#8217;s stock after a highly anticipated presentation. However, the stocks of other companies mentioned during the event saw a significant rise.
What Happened: Despite unveiling a new processor design, Blackwell, Nvidia&#8217;s shares fell by almost 2% in post-market trading. However, Huang&#8217;s endorsements of other companies during the two-hour presentation in San Jose, California, led to a surge in their stock prices, <a href="https://www.bloomberg.com/news/articles/2024-03-19/nvidia-ceo-becomes-stock-kingmaker-by-name-dropping-dell-ansys?srnd=homepage-americas">reported</a> Bloomberg.
Engineering software companies like Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), and ANSYS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) experienced a rise of over 2% after Huang announced that they would be using the new Blackwell-based processors for AI enhancements in their products. Similarly, Dell Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) saw a 3.2% increase after Huang praised the company for its enterprise systems.
"Everybody who is building these chatbots and generative AI, when you're ready to run it, you're going to need an AI factory. Nobody is better at building end-to-end systems of very large scale for the enterprise than Dell," said Huang, who nodded to CEO Michael Dell in the audience.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37769976/bitcoin-ethereum-dogecoin-surge-amid-selling-pressure-over-the-weekend-analyst-says-king-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April</a>
Other companies, such as SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) and ServiceNow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), also witnessed a rise in their stock prices after Huang mentioned their use of Nvidia&#8217;s platform for service development.
Why It Matters: Huang&#8217;s keynote, though not immediately impactful on Nvidia&#8217;s stock, significantly affected the stock market. This event follows a series of notable occurrences in the AI and tech industry, including Huang&#8217;s <a href="https://www.benzinga.com/markets/equities/24/03/37586814/nvidia-ceo-jensen-huang-thinks-even-free-ai-chips-from-rivals-are-not-cheap-enough-compared-to-i">assertion of Nvidia&#8217;s technological dominance</a> in the AI space, and the <a href="https://www.benzinga.com/trading-ideas/technicals/24/03/37792351/nvidias-gtc-2024-semiconductor-stock-rides-the-ai-wave">optimism surrounding Nvidia&#8217;s GTC 2024</a> event.
Despite the initial stock drop, <a href="https://www.benzinga.com/24/03/37790810/nvidia-ceo-jensen-huang-speech-may-determine-course-of-ai-rally-huang-more-important-than-powell">Huang&#8217;s influence on the market</a> is evident, as his speeches are seen as potentially determining the course of the AI rally. 
This event also adds to the anticipation surrounding Nvidia&#8217;s future developments and partnerships, as highlighted by <a href="https://www.benzinga.com/markets/equities/24/03/37811171/jim-cramer-predicts-the-impact-of-nvidias-efforts-will-indeed-create-the-next-industrial-revolut">the enthusiasm expressed</a> by Jim Cramer ahead of the GTC 2024 event.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37770036/elon-musk-posted-a-photo-of-his-dog-wearing-a-hat-on-st-patricks-day-and-now-dogwifhat-is-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Posted A Photo Of His Dog Wearing A Hat On St. Patrick&#8217;s Day And Now Dogwifhat Is Surging 32% — Leaving DOGE, SHIB In The Dust</a>
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Technology giant NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) kicked off its multi-day, highly anticipated GTC 2024 event, which will cover transformative moments and<a href="https://www.benzinga.com/news/24/03/37793473/nvidias-groundbreaking-ai-innovations-at-gtc-2024-spark-analyst-enthusiasm"> advancements in artificial intelligence.</a>
Here is what Nvidia CEO Jensen Huang had to say about AI during a keynote event Monday.
What Happened: Describing GTC as the <a href="http://benzinga.com/analyst-ratings/analyst-color/24/03/37770118/hold-your-breath-tech-world-nvidias-gtc-2024-set-to-launch-next-phase-of-ai-revolut">best conference for developers</a> from diverse sectors to network, Huang initiated the event by emphasizing his focus on mathematics, science, algorithms, and computers, humorously clarifying that it was &#8220;not a concert.&#8221;
"This conference is represented by some amazing companies," Huang <a href="https://www.youtube.com/watch?v=Y2F8yisiS6E">said</a>.
The Nvidia CEO said he was proud that there were tons of non-IT industries represented at GTC 2024. The CEO said $100 trillion of the world's industries were being represented in the room.
"There is absolutely something happening, something going on. The industry is being transformed."
Huang called the computer the single most important instrument today, as it affects every industry.
While Huang and Nvidia saw technology advancements coming, the CEO said ChatGPT helped capture the imagination of consumers and the capabilities of AI. In 2023, generative AI emerged, and a new industry began, Huang added.
"The software never existed before."
Huang highlighted the emergence of a new category, explaining that market share was carved out from scratch, leading to the creation of innovative entities such as AI factories.
"A new industry has emerged."
Related Link: <a href="https://www.benzinga.com/news/earnings/24/02/37247922/nvidia-q4-earnings-highlights-revenue-beat-eps-beat-q1-guidance-and-more">Nvidia Q4 Earnings Highlights: Revenue Beat, EPS Beat, Q1 Guidance And More</a>
What's Next: Huang showed off a video that featured examples of how companies are using artificial intelligence and Nvidia products to grow.
"I love Nvidia," Huang said. "Accelerated computing is here."
The Nvidia CEO said general purpose computing has run out of steam and accelerated computing is the future.
"The impact is dramatic."
Huang announced that Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>), Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) and Cadence Design System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) are Nvidia partners working "to bring the world into accelerated computing" with the building of a super computer.
The Nvidia CEO said the company recognized that bigger GPUs are needed to help with the growth of artificial intelligence.
Huang then introduced the world to the highly anticipated Blackwell, which he called a "massive leap."
A video highlighted Blackwell calling it "the engine of the new industrial revolution." The video said that Blackwell would help scale generative AI.
"Blackwell is not a chip, it's the name of a platform," Huang said.
Huang highlighted the capabilities of Blackwell and how the new product will help power generative AI.
"This is a miracle."
In eight years, Nvidia has increased the AI compute 1,000x, Huang said.
He proceeded to showcase the NVLink Switch Chip in a presentation slide, a technology that could advance AI even further in the future.
NVDA Price Action: Nvidia shares finished 0.7% higher at $884.55 on Monday, versus a 52-week trading range of $233.60 to $974.00.  
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37266215/nvidia-is-still-stepping-on-the-ai-accelerator-7-analysts-size-up-q4-results-supply">Nvidia Is Still &#8216;Stepping On The AI Accelerator&#8217;: 7 Analysts Size Up Q4 Results, Supply And Demand Dynamics</a>
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Nvidia GTC 2024: CEO Huang Highlights Past, Present And Future Of AI — 'A New Industry Has Emerged'

Ansys software will provide predictively accurate, end-to-end capabilities for body durability analysis
/&nbsp;Key Highlights
<ul>
<li>Ansys' structural simulation solutions will help deliver next-generation vehicles that provide a safer, more comfortable passenger experience</li>
<li>Ansys provides end-to-end, predictively accurate capabilities for virtual performance validation of the body system</li>
<li>Hyundai motor company named&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4106738-1&amp;h=1572995281&amp;u=https%3A%2F%2Fansys.me%2F3P8Cn7L&amp;a=Ansys+Mechanical%E2%84%A2">Ansys Mechanical&#x2122;</a>&nbsp;and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4106738-1&amp;h=2845882234&amp;u=https%3A%2F%2Fansys.me%2F3IltzYs&amp;a=Ansys+LS-DYNA%E2%84%A2">Ansys LS-DYNA&#x2122;</a>&nbsp;its preferred structural analysis solutions following a rigorous 18-month competitive evaluation</li>
</ul>
PITTSBURGH, March 5, 2024 /PRNewswire/ -- Hyundai motor company named&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4106738-1&amp;h=3882073565&amp;u=https%3A%2F%2Fansys.me%2F3ThTo1P&amp;a=Ansys">Ansys</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>)&nbsp;a preferred supplier of structural simulation solutions for body system analysis that will ultimately support improvements to the safety and comfort of tomorrow's passengers. Ansys' strong market strategy, predictive accuracy, and commitment to product development rose above competitive offerings to become Hyundai's preferred supplier.
&nbsp;
For automotive companies with well-established product development processes, transitioning from one simulation tool to another demands extensive time and strict evaluation standards. Hyundai benchmark tested multiple simulation solutions over the course of 18 months, exploring areas such as model analysis accuracy, high-performance computing throughput, and future product strategy.
Ansys Mechanical,&nbsp;the leading finite element analysis tool, and LS-DYNA,&nbsp;the leading explicit simulation tool for crash safety analysis, outperformed competitors and demonstrated stronger analysis accuracy, better performance in data processing, and a robust future technology development strategy. These high-performance capabilities will be utilized in the analysis of body system durability, stiffness, and strength.
"Adopting a new simulation product requires detailed application and operational planning of the solution for each vehicle development stage, and thorough validation by both the manufacturer and solution supplier," said Ill-Joo Noh, MVP and small sized vehicle chassis and body CAE team of Hyundai motor company. "To remain leaders in the increasingly technological industry, we must work closely with our partners to ensure our current and future needs are met. Ansys demonstrated its excellent simulation performance meets our current and future requirements, proving it can operate at scale for complex solutions."
"Hyundai's evaluation and decision illustrate Ansys' ability to meet the needs of the automotive industry's biggest and most complex engineering challenges," said Shane Emswiler, senior vice president of products at Ansys. "We are continuously enhancing Mechanical&nbsp;to work seamlessly with LS-DYNA&nbsp;to provide our partners with a full solution. Ansys and Hyundai share an unwavering commitment to innovation and quality, and together we will usher in a new era of safe, comfortable, and reliable vehicles."

HYMTF

Ansys Named Preferred Supplier For Hyundai Motor Company's Next-Gen Vehicle Analysis

Analysts' ratings for Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $340.0, with a high estimate of $345.00 and a low estimate of $330.00. This upward trend is apparent, with the current average reflecting a 2.41% increase from the previous average price target of $332.00.
<img src="https://www.benzinga.com/files/images/story/2024/1709643720_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Ansys. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$345.00</td>
<td>-</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$340.00</td>
<td>$314.00</td>
</tr>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$330.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Neutral</td>
<td>$345.00</td>
<td>$332.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ansys. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Ansys compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ansys's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Ansys's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ANSS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ansys analyst ratings.</a>
<h2>All You Need to Know About Ansys</h2>
Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive.
<h3>Financial Insights: Ansys</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Ansys displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 15.99%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Ansys's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 34.13% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Ansys's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 5.29%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Ansys's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.93% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.16.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Ansys

Rosenblatt analyst Blair Abernethy reiterates Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) with a Neutral and maintains $345 price target.

Reiteration

Rosenblatt Reiterates Neutral on Ansys, Maintains $345 Price Target

Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) has outperformed the market over the past 20 years by 11.6% on an annualized basis producing an average annual return of 19.26%. Currently, Ansys has a market capitalization of $29.66 billion. 
Buying $100 In ANSS: If an investor had bought $100 of ANSS stock 20 years ago, it would be worth $3,400.05 today based on a price of $340.89 for ANSS at the time of writing.
<h3>Ansys's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708965016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $3,400 Today

Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) stock is up about 70% over the past year. So far in 2024, however, the stock is down 14%. The stock has been piquing investor interest lately with the launch of the world&#8217;s first systems foundry designed for <a href="https://www.benzinga.com//node/37240182">the artificial intelligence (AI) era</a>.
The company unveiled a new roadmap featuring 14A process technology, specialized node evolutions, and the Intel Foundry Advanced System Assembly and Test (ASAT) capabilities to assist customers in realizing their AI ambitions. 
A significant design win was announced as Microsoft CEO Satya Nadella revealed that the Redmond, Washington-based company had selected a chip design to be produced on the Intel 18A process. 
Furthermore, ecosystem partners such as Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Cadence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), Siemens, and Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) announced validated tools, design flows, and intellectual property (IP) portfolios prepared to facilitate customer designs.
See Also: <a href="https://www.benzinga.com/news/23/12/36066339/is-intels-reign-in-jeopardy-arm-based-challengers-threaten-chip-giants-legacy">Is Intel&#8217;s Reign In Jeopardy? ARM-Based Challengers Threaten Chip Giant&#8217;s Legacy</a>
The Intel Analyst: JPMorgan analyst Harlan Sur has an Underweight rating on the stock with a year-end price target of $37. Sur reviewed the Intel Foundry news and assessed its impact on the business and stock.
The Intel Thesis: Sur notes Intel Foundry&#8217;s impressive execution, delivering five nodes in four years and launching Clearwater Forest processors on the 18A node. The introduction of the 14A process technology extends the roadmap through 2027, showcasing a commitment to technological advancement.
With Intel Foundry expanding its lifetime deal value to $15 billion and securing Microsoft as a customer for the 18A node, the company demonstrates robust revenue growth and strategic partnerships. These undisclosed long-term deals indicate a sustained revenue stream.
Also Read: <a href="https://www.benzinga.com//node/37242631">Intel To Manufacture Microsoft Chips, CEO Satya Nadella Says</a>
However, &#8220;it will take several years for the team to drive customer/revenue scale in foundry,&#8221; said Sur.
Sur emphasized Foundry&#8217;s strategic move beyond chip manufacturing to a systems solution approach, addressing AI system requirements comprehensively. Collaborations with industry leaders like Arm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) and partnerships across diverse ecosystems position the company competitively.
Sur also highlighted Foundry&#8217;s technological advantages, including the early adoption of backside power delivery and Gate-All-Around (GAA) transistors in the 18A and 20A nodes. Collaborations with UMC and Tower Semiconductor for mature-node 65nm chips contribute to the company&#8217;s competitive positioning, said Sur.
INTC Price Action: Intel stock was trading at $43.15 at the time of publication.
Read Next: <a href="https://www.benzinga.com//node/37269650">Intel Outlines Future in Foundry and Process Leadership, Analyst Sees Steady Performance</a>

Analyst Color

Long Ideas

INTC

Intel Foundry Day Takeaway: Revenue Scale Is 'Several Years' Away, Analysts Say

Ansys electro-thermal analysis tools address novel physics requirements for signoff verification of multi-chip HPC, graphics, and AI applications
/&nbsp;Key Highlights
<ul>
<li>Ansys collaboration to expand from single-die system-on-chip (SoC) to include Intel's embedded multi-die interconnect bridge (EMIB) assembly technology</li>
<li>Ansys multiphysics analyses provide signoff verification of thermal integrity, power integrity, and mechanical reliability</li>
</ul>
PITTSBURGH, Feb. 22, 2024 /PRNewswire/ -- <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097097-1&amp;h=1503447797&amp;u=https%3A%2F%2Fansys.me%2F42Lh6qe&amp;a=Ansys">Ansys</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) and Intel Foundry collaborated to provide multiphysics signoff solutions for Intel's innovative 2.5D chip assembly technology, which uses EMIB technology to connect the die flexibly and without the need for through-silicon vias (TSVs). Ansys' accurate simulation engines deliver higher speeds, lower power consumption, and greater reliability in advanced silicon systems for artificial intelligence (AI), high-performance computing, autonomous driving, and graphic processing.
<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097097-1&amp;h=257909948&amp;u=https%3A%2F%2Fansys.me%2F3SPRC6M&amp;a=Ansys+RedHawk-SC+Electrothermal%E2%84%A2">Ansys RedHawk-SC Electrothermal&#x2122;</a>&nbsp;is an electronic design automation (EDA) platform that enables multiphysics analysis of 2.5D and 3D-ICs with multiple dies. It can perform thermal analysis with anisotropic thermal conduction, which is essential for Intel's new backside power distribution technology. Thermal gradients also lead to mechanical stresses and warpage that can impact product reliability over time. Power integrity verification is done through chip/package co-simulation, which gives the 3D system-level context needed for maximum accuracy.
"Intel's enablement of Intel 18A and EMIB technology is a differentiated approach to multi-die assembly that has a number of significant advantages over traditional stacking techniques," said Rahul Goyal, vice president &amp; general manager, product and design ecosystem enablement at Intel. "We will collaborate closely with Ansys to make the full benefit of this innovation easily accessible to our joint customers so they can create more competitive products."
"Ansys has collaborated with Intel Foundry at the leading edge of 3D manufacturing technology to solve complex multiphysics challenges and meet stringent thermal, mechanical, performance, and reliability requirements," said John Lee, vice president and general manager of the electronics, semiconductor, and optics business unit at Ansys. "Ansys' multiphysics signoff platform gives our mutual customers the flexibility to adopt EMIB technology for their system architecture and assemble the best-of-breed solutions for higher performance products and a smooth user experience."

Ansys, Intel Foundry Collaborated To Provide Multiphysics Signoff Solutions For EMIB 2.5D Chip Assembly Technology

Ansys power integrity and on-chip electromagnetic analysis tools enable semiconductor products for HPC, graphics, and AI applications
/&nbsp;Key Highlights&nbsp;
<ul>
<li><a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097090-1&amp;h=3810652572&amp;u=https%3A%2F%2Fansys.me%2F3T3GHaS&amp;a=Ansys%C2%AE+Redhawk-SC%E2%84%A2">Ansys&#xAE; Redhawk-SC&#x2122;</a>,&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097090-1&amp;h=3833529636&amp;u=https%3A%2F%2Fansys.me%2F48r2AW6&amp;a=Ansys%C2%AE+Totem%E2%84%A2">Ansys&#xAE; Totem&#x2122;</a>, <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097090-1&amp;h=3957533207&amp;u=https%3A%2F%2Fansys.me%2F4bIh3Qe&amp;a=Ansys%C2%AE+PathFinder%E2%84%A2">Ansys&#xAE; PathFinder&#x2122;</a>, and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097090-1&amp;h=825251916&amp;u=https%3A%2F%2Fansys.me%2F3uGgnKr&amp;a=Ansys%C2%AE+RaptorX%E2%84%A2">Ansys&#xAE; RaptorX&#x2122;</a> support power integrity, signal integrity, and reliability signoff requirements for the Intel 18A process technology</li>
<li>The Ansys multiphysics platform supports new Intel manufacturing technologies including RibbonFET transistors and backside power distribution</li>
</ul>
PITTSBURGH, Feb. 22, 2024 /PRNewswire/ -- Intel Foundry certified <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4097090-1&amp;h=888088883&amp;u=https%3A%2F%2Fansys.me%2F3I8tOWL&amp;a=Ansys">Ansys</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) multiphysics solutions for signoff verification of advanced integrated circuits (ICs) designed&nbsp;with the Intel 18A process technology with new RibbonFET transistor technology and backside power delivery.
The predictive accuracy of Ansys' power and signal integrity platforms helps designers lower the power consumption and increase the performance of edge artificial intelligence (AI), graphic processing, and advanced computing products by minimizing over-design. Collaboration towards a smooth electronic design automation (EDA) flow can significantly increase productivity for joint customers.
Ansys RedHawk-SC and Totem are recognized as industry standards for power integrity signoff of digital and analog designs, respectively. The solutions' cloud-enabled data infrastructure provides unparalleled capacity to analyze full-chip designs and multi-die assemblies. PathFinder uses the same elastic compute infrastructure to also verify the electrostatic discharge (ESD) protection circuitry found on all chips. The Ansys Raptor family models high-speed signals including on-chip electromagnetic coupling.
"Intel Foundry and Ansys have partnered to ensure our customers have access to accurate analysis solutions for the latest manufacturing innovations in our Intel 18A process technology," said Rahul Goyal, vice president &amp; general manager, product &amp; design ecosystem enablement at Intel. "Partnerships across the industry are essential for solving challenges and taking advantage of the exciting opportunities opened up by this leading-edge silicon technology."
"Ansys works with leading foundry partners like Intel Foundry to address complex multiphysics challenges and meet stringent power, performance, and reliability requirements," said John Lee, vice president and general manager of the electronics, semiconductor, and optics business unit at Ansys. "Ansys' signoff platform helps empower mutual customers to accelerate design convergence with greater confidence thanks to the collaborative work between the companies to ensure silicon predictive accuracy and a stellar user experience."

Intel Foundry Expands Support For Ansys Multiphysics Signoff Solutions With Intel 18A Process Technology

ANSYS shares are trading higher after the company reported better-than-expected Q4 financial results.

Guidance

Ansys Says As Previously Announced, In Light Of The Pending Transaction With Synopsys, Ansys Is Suspending Quarterly Earnings Conference Calls And Will No Longer Be Providing Quarterly Or Annual Guidance

Ansys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) reported quarterly earnings of $3.94 per share which beat the analyst consensus estimate of $3.71 by 6.2 percent. This is a 27.51 percent increase over earnings of $3.09 per share from the same period last year. The company reported quarterly sales of $805.11 million which beat the analyst consensus estimate of $797.38 million by 0.97 percent. This is a 15.89 percent increase over sales of $694.69 million the same period last year.

Earnings

Ansys Q4 Adj. EPS $3.94 Beats $3.71 Estimate, Sales $805.11M Beat $797.38M Estimate

Wall Street saw a muted trading session as major indices dipped into the red <a href="https://www.benzinga.com/topic/wall-street">by midday in New York</a>.
Traders are currently anticipating further insights into monetary policy from the forthcoming <a href="https://www.benzinga.com/markets/equities/24/02/37223022/wednesday-watch-awaiting-fed-minutes-and-nvidias-earnings-for-market-direction">Federal Reserve meeting minutes.</a>
Investors are also poised for another significant event, as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is set to announce its fourth-quarter earnings <a href="https://www.benzinga.com/news/earnings/24/02/37230071/how-to-earn-500-a-month-from-nvidia-stock-ahead-of-q4-earnings-report">after the market closes</a>.
The dollar, Treasury yields, and gold remained relatively stable, whereas in the commodities market, oil prices saw a modest 0.8% increase, with West Texas Intermediate (WTI) crude climbing to nearly $78 a barrel. 
Natural gas prices experienced a near 5% upswing, following a 9% jump on Tuesday, rebounding from significantly low levels, leading energy stocks to perform better than other sectors.
Cybersecurity stocks took the spotlight, with the Global X Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUG#NYSE">BUG</a>) experiencing a decline of over 7% in a single day, marking its steepest one-day drop since March 2020. This was in part due to a sharp fall in Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), which plummeted 27% following disappointing future earnings projections. 
Similarly, CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) faced significant double-digit percentage losses.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 1.8% weaker to $51,800. 
<h3 class="wp-block-heading">Wednesday's Performance In Major Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,467.09</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,961.51</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,392.80</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,988.06 </td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.3% lower to $495.17, the SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.2% to $384.80 and the tech-heavy Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1% to $423.23, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>. 
The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), was the notable underperformer, down by 1.4%, while the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the top gainer, up 1.7%. 
<h3 class="wp-block-heading">Wall Street Stock Movers On Wednesday</h3>
<ul>
<li>Garmin Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) rallied over 10% in reaction to its quarterly results. </li>
<li>Teladoc Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) fell over 25% amid a revenue miss. </li>
<li>Other companies reacting to earnings were Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>), up 0.9%, Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>), up 0.7%, Costar Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>), up 1.3%, Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), up 2%, Verisk Analytics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSK#NASDAQ">VRSK</a>), down 4%. </li>
<li>EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) and Antero Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) rose 13% and 11%, respectively, on the heels of a strong rebound in natural gas prices. </li>
<li>Companies set to report their earnings after the closing bells are Nvidia Corp., Synopsys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>), Ansys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Marathon Oil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) and Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>). </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37241019/health-care-becomes-most-overweighted-sector-as-hedge-funds-crowd-into-magnificent-">Health Care Becomes Most Overweighted Sector As Hedge Funds Crowd Into Magnificent 7</a>
Image: Shutterstock

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Wall Street Falters Ahead Of Fed Minutes, Nvidia Earnings, Cybersecurity Selloff: What's Driving Markets Wednesday?

Cadence Design Systems Is Locked In A Two-Headed Horse Race That Needs A Break

China antitrust regulator engaging with third parties on Ansys/Synopsys deal - report

Overall market sentiment has been high on ANSYS Inc (ANSS)  stock lately. ANSS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. ANSYS Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ANSS!See Full ANSS ReportWhat is Stock Sentiment?When mak

Is ANSYS Inc (ANSS) a Stock to Watch After Gaining 2.29% This Week?

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The tech sector has been a solid industry for outperforming the market. The S&amp;P 500 and the Nasdaq 100 both have most of their assets <a href="https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-500-etf-trust-spy" target="_blank">allocated toward</a> the <a href="https://www.invesco.com/qqq-etf/en/about.html" target="_blank">information technology sector.</a> Six of the Magnificent Seven stocks are in the tech sector. 



Non-tech companies like&nbsp;Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) have been branded as tech companies to make them more attractive to investors. Almost every bank is categorized as a fintech company. Long-term returns and index allocations indicate why there&rsquo;s so much demand for <a href="https://investorplace.com/industries/technology/"></a>tech stocks. Investors may want to consider these top tech stocks for outsized returns.



<h2>Synopsys (SNPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/snps1600-300x169.png" alt="Person holding mobile phone with logo of American technology company Synopsys Inc. (SNPS) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Synopsys (NASDAQ:<a href="https://investorplace.com/stock-quotes/snps-stock-quote/">SNPS</a>) is a semiconductor stock that hasn&rsquo;t enjoyed the AI boom that its peers enjoyed. Despite missing out on the hyper-rally, shares are still up by a solid 55% over the past year. The stock has also gained 15% year-to-date, with a shout-out from Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) getting investors excited.



A <a href="https://news.synopsys.com/home?item=122597" target="_blank">partnership with Nvidia</a> could lead to more gains, but Synopsys doesn&rsquo;t need a partnership with Nvidia to reward investors since it&rsquo;s up by 402% over the past five years. It&rsquo;s got momentum on its side and produces valuable silicon chips that power self-driving cars, machine-learning devices and other resources. However, the partnership is definitely going to help.



Synopsys reported solid earnings in the <a href="https://investor.synopsys.com/news/news-details/2024/Synopsys-Posts-Financial-Results-for-First-Quarter-Fiscal-Year-2024/default.aspx" target="_blank">first quarter of fiscal 2024.</a> Revenue increased by 21% year-over-year (YoY) while net income jumped by 65% YoY. The <a href="https://www.ansys.com/news-center/press-releases/1-16-24-synopsys-acquires-ansys" target="_blank">upcoming acquisition</a> of Ansys (NASDAQ:<a href="https://investorplace.com/stock-quotes/anss-stock-quote/">ANSS</a>) will give the corporation additional market share and further strengthen its revenue and net income growth. Many <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> are well-known, but investors are starting to catch on with this stock.



<h2>CrowdStrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/crwd_crowdstrike_1600-300x169.png" alt="Mobile phone with website of American software company CrowdStrike Holdings (CRWD) Inc. on screen in front of website. Focus on top-center of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>CrowdStrike (NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) is a high-growth cybersecurity corporation expanding its profit margins. The firm exceeded $3 billion in annual recurring revenue and grew its top line by 33% YoY in the <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024" target="_blank">fourth quarter of fiscal 2024.</a> Net income grew over 200% YoY. 



These growth rates are solid for any company, but the context makes them even better. Many cybersecurity firms have lost ground and are reporting significant growth deceleration. CrowdStrike is one of the few firms that continued to grow at a high rate while offering guidance that suggests more of the same. The trend can help CrowdStrike gobble up market share while its competitors try to protect their current positions in the industry.



The stock has had an incredible run. Shares are up by 420% over the past five years and 150% over the past year. CrowdStrike stock has even gained 31% year-to-date. The stock&rsquo;s only flaw is its high valuation, which currently stands at an <a href="https://finance.yahoo.com/quote/CRWD/key-statistics" target="_blank">84-forward P/E ratio.</a> Expanding profit margins can make the valuation more reasonable, but it&rsquo;s only suitable for long-term investors who will hold onto shares for several years.



<h2>Oracle (ORCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/orcl-stock-1-300x169.jpg" alt="ORCL stock: a 3-dimensional Oracle sign in an outdoor setting"><div>Source: JHVEPhoto / Shutterstock.com</div></div>Oracle (NYSE:<a href="https://investorplace.com/stock-quotes/orcl-stock-quote/">ORCL</a>) is an enticing dividend growth stock that offers exposure to cloud computing and various software products. The company only <a href="https://www.nasdaq.com/market-activity/stocks/orcl/dividend-history" target="_blank">raises its dividend once every two years</a> but initiates substantial hikes each time. Oracle raised its quarterly dividend from $0.32 per share to $0.40 per share in March 2023, a 25% increase. 



Oracle stock currently has a 1.27% dividend yield. Shares are up by 43% over the past year and 135% over the past five years. The stock still trades at a reasonable 33 P/E ratio. 



<a href="https://investor.oracle.com/investor-news/news-details/2024/Oracle-Announces-Fiscal-2024-Third-Quarter-Financial-Results/default.aspx" target="_blank">Third quarter fiscal 2024</a> earnings indicate the company is growing while expanding profit margins. Oracle&rsquo;s revenue increased by 7% YoY, and cloud revenue increased by 25% YoY. Cloud revenue makes up more than one-third of the company&rsquo;s total revenue, so investors should expect revenue to accelerate as cloud computing makes up a larger slice of the pie. Net income increased by 27% YoY.



On this date of publication, Marc Guberti held a long position in SNPS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/the-3-best-tech-stocks-to-buy-in-q2-2024/">The 3 Best Tech Stocks to Buy in Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Best Tech Stocks to Buy in Q2 2024

Catalyst Watch: Tesla deliveries, Disney board vote, DJT drama and Fortinet event

ANSYS: Rating Upgrade After Merger Confirmation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) industry has captivated investors. Corporations have been rushing to incorporate the technology into their operations to increase efficiency and revenue. AI was the big buzzword of 2023, and that momentum has carried over into 2024. 



Many of the top <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> have continued to rack up gains. The sector is attracting a lot of speculation, which can risk the loss of capital. However, some AI stocks are the real deal and look ready to deliver long-term returns for their shareholders.



It&rsquo;s not too late to invest in the best AI stocks to buy. These are some of the stocks that you may want to monitor.



<h2>CrowdStrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/crwd1600-300x169.png" alt="Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. (CRWD) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>CrowdStrike&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) is a cybersecurity firm that continues to grow while most competitors are losing ground. The company has an excellent recurring revenue model that grew by 34% year-over-year (YoY) in the&nbsp;<a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024">fourth quarter of fiscal 2024.</a> Annual recurring revenue currently stands at $3.44 billion.



Cybersecurity is a lucrative industry since businesses need safeguards to protect their data and sensitive documents from hackers. Cybercriminals are getting smarter and&nbsp;<a href="https://cybermagazine.com/articles/cybercriminals-are-creating-a-darker-side-to-ai#">some are turning to AI</a> to initiate more cyber attacks. Cybersecurity firms are fortifying their defenses with AI tool offerings.



CrowdStrike recently launched&nbsp;<a href="https://www.crowdstrike.com/products/charlotte-ai/">Charlotte AI,</a> which allows cybersecurity teams to streamline their work and detect threats more quickly. A customer survey revealed the average person saves two hours per day with the company&rsquo;s generative AI solution. Charlotte AI was built by defenders for defenders, and it&rsquo;s one of the driving forces for CrowdStrike&rsquo;s gains. The stock is up by 397% over the past 5 years.



<h2>Amazon (AMZN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/amzn_amazon_2_1600-300x169.png" alt="Closeup of the Amazon logo at Amazon campus in Palo Alto, California. The Palo Alto location hosts A9 Search, Amazon Web Services, and Amazon Game Studios teams. AMZN stock"><div>Source: Tada Images / Shutterstock.com</div></div>Amazon&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) has been incorporating AI into many of its products and services. The company uses AI to offer relevant product recommendations for people who browse its online marketplace. Amazon Web Services also utilizes AI to offer customers more choices. AWS allows customers to&nbsp;<a href="https://aws.amazon.com/machine-learning/language/">build better AI applications</a>&nbsp;that can generate more leads and save time.



AI requires more computing power. While advanced chips power the hardware, cloud computing is the software component. The&nbsp;<a href="https://www.informationweek.com/it-infrastructure/how-ai-is-transforming-cloud-computing#">cloud computing industry has been growing</a>&nbsp;as more companies adopt AI. Cloud platforms have the flexibility to handle and store additional data.&nbsp;



Amazon is still a juggernaut that reports strong financials. Profit margins recently expanded as the company reached a record $170.0 billion in sales in&nbsp;<a href="https://ir.aboutamazon.com/news-release/news-release-details/2024/Amazon.com-Announces-Fourth-Quarter-Results/">Q4 2023.</a> Revenue increased by 14%, and most of Amazon&rsquo;s important segments exhibited double-digit revenue growth rates. North American sales increased 13% YoY, while international sales jumped by 17% YoY. Amazon Web Services revenue was 13% higher than the same period last year.



<h2>Synopsys (SNPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/snps1600-300x169.png" alt="Person holding mobile phone with logo of American technology company Synopsys Inc. (SNPS) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Synopsys&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/snps-stock-quote/">SNPS</a>) is a chipmaker riding the AI tailwinds. The stock isn&rsquo;t reliant on AI and reported solid financials long before the technology became mainstream. Synopsys stock is up by 395% over the past 5 years and has posted a 13% year-to-date gain.



The stock has a 63 P/E ratio and impressive profit margin expansion that suggests more upside. The company achieved a 27% net profit margin as revenue and earnings both soared in the&nbsp;<a href="https://investor.synopsys.com/news/news-details/2024/Synopsys-Posts-Financial-Results-for-First-Quarter-Fiscal-Year-2024/default.aspx">first quarter of fiscal 2024.</a> Revenue increased by 21% YoY while net income jumped by 65% YoY. Synopsys also exceeded the high end of guidance for its quarterly GAAP EPS.



Synopsys is in the process of acquiring&nbsp;Ansys&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/anss-stock-quote/">ANSS</a>), which would lead to additional market share. The semiconductor firm is delivering healthy financial growth while having a meaningful runway. AI tailwinds can elevate the stock price and reward long-term investors.



On this date of publication, Marc Guberti held long positions in AMZN and SNPS. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-ai-stocks-to-buy-for-long-term-growth-in-q2-2024/">3 AI Stocks to Buy for Long-Term Growth in Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 AI Stocks to Buy for Long-Term Growth in Q2 2024

Synopys purchase of Ansys gets FTC second request - report

Synopys $35B purchase of Ansys gets FTC second request

From no  AI category losses in February, to 3 drops in March - now all 7 fell this week, clearly indicating that that the surge in AI stock prices that began back on October 31st is, indeed, over.

AI Surge Has Ended: All 7 AI Stock Categories Declined This Week

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Press Releases

Ansys and NVIDIA Pioneer Next Era of Computer-Aided Engineering

Ansys Forms OEM Partnership with SynMatrix to Accelerate RF Filter Design

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The Exploration Company Leverages Ansys to Promote Sustainability in Space

Ansys Joins BAE Systems' Mission Advantage Program to Advance Digital Engineering Across US Department of Defense