On September 29, Synopsys fell 3.1% in regular trading, trading at approximately $403.77/share, with turnover of $69.60 million. The decline came one day after the company formally unveiled its AgentEngineer solutions and Autopilot platform.

On September 28, Synopsys announced the launch of AgentEngineer solutions and the Autopilot platform, designed to automate complex semiconductor and systems engineering workflows using AI. The company disclosed that over 50 customer engagements are currently underway, with general availability expected by year-end. Despite the proactive AI product strategy, the market remains concerned that large language models capable of autonomous chip design could structurally disrupt the EDA industry. Earlier in September, Moonshot AI's Kimi K3 demonstrated an AI agent autonomously completing a chip design prototype without human intervention, which triggered a single-day drop of over 8% in Synopsys shares at that time.

Multiple investment banks have recently upgraded Synopsys, with HSBC raising its rating to Buy with a $700 target, Morgan Stanley upgrading to Overweight at $500, and Baird setting a $560 target. The analyst consensus average target remains at approximately $554, well above current levels. Fundamentally, fiscal Q3 revenue rose 42% year-over-year to $2.48 billion, beating estimates, and the company raised full-year guidance.

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