Thursday’s gains bring Synopsys shares back into positive territory for the year.Credit: Samuel Boivin / NurPhoto via Getty Images
Key Takeaways
Synopsys shares surged Thursday, after the company announced AI deals with OpenAI and Amazon.
The company also gave upbeat growth targets for fiscal 2027.
Synopsys is one of the best-performing stocks in the S&P 500 and Nasdaq today after the chip design software maker struck some major AI deals.
At its annual investor day yesterday, Synopsys (SNPS) announced deals with OpenAI and Amazon (AMZN) and gave upbeat growth targets. Synopsys shares were up 10% in recent trading.
Synopsys said its multi-year, custom chip development deal with Amazon is worth over $1 billion. Under the agreement, the companies said they will work together to “accelerate Amazon’s custom silicon innovation and advance the development of increasingly complex AI-powered products and cloud infrastructure.”
With OpenAI, Synopsys said…
https://www.aol.com/articles/synopsys-stock-rallies-ai-deals-163255000.html
