Overview

• Shares closed down 35.8% on the day of Jim Cramer’s remarks, extending losses that began after the fiscal third‑quarter report.
• Synopsys reported $1.74 billion in revenue and adjusted earnings of $3.39 per share, both below analyst estimates.
• Cramer speculated on air that close ties to Intel and Intel Foundry could be part of the problem, a view presented as his opinion rather than company guidance.
• Morgan Stanley cut its price target to $510 from $715 but kept an Overweight rating, citing the surprise Design IP revenue miss and potential FY26 growth risks.
• The company remains a key EDA and IP supplier to chipmakers such as NVIDIA and AMD, with recent reporting also noting a July policy shift that eased some China sales restrictions.