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Why Synopsys Stock Popped, Then Dropped

By newsfeedback@fool.com (Rich Smith)

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Synopsys (NASDAQ: SNPS) stock, which makes design and simulation software for pre-production work on semiconductors, jumped nearly 5% in early trading Thursday before reversing and giving back most of its gains. As of 11:15 a.m. ET, Synopsys is up only 1%.

But why did it pop in the first place at all?

Image source: Getty Images.

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