Cadence, Synopsys sink as Moonshot brings EDA disruption risks; BNP says buy the dip (CDNS:NASDAQ)

Cadence Design Systems (CDNS) and Synopsys (SNPS) shares sank on Friday after Chinese artificial intelligence lab Moonshot released its Kimi K3 AI model, causing investors to fear risks about the electronic design automation business.

However, BNP Paribas said it believes the