Why Shares of Synopsys Gained 40.1% During the First Half of 2020

Shares of semiconductor software company Synopsys (NASDAQ: SNPS) rose 40.1% in the first half of the year, according to data from S&P Global Market Intelligence. Synopsys serves technology businesses, helping them design complex semiconductors. While the overall economy has fallen into recession, the work-from-home economy is still boosting demand for advanced chips in applications like data centers and 5G. In addition, the U.S. and China are each pouring money into their respective semiconductor sectors.

All of this means Synopsys' businesses should remain relatively resilient to a downturn, and its first quarter results back that up.

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Source Fool.com