Nvidia Invests $2B in Synopsys, Boosting AI Chip Development

Nvidias shares surged by 2.6% following a $2 billion investment in Synopsys, a chip software design company. This partnership aims to streamline engineering processes using AI, giving Nvidia a 2.6% stake in Synopsys. The collaboration seeks to integrate Nvidias computing platforms and AI tools into Synopsyss software, strengthening Nvidias role in the AI market. Despite the initial jump, Nvidias shares settled at $181.87, up 1.1% from the previous closing price. This strategic investment underscores Nvidias commitment to dominate the AI landscape by integrating its technology into the foundational stages of chip development.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.