Synopsys Landed OpenAI and AWS in One Day — Shares Up 10%
Synopsys Landed OpenAI and AWS in One Day — Shares Up 10% The most boring company in AI just had the most interesting day Synopsys makes software that designs chips. By every outward measure, it is the least glamorous giant in the AI boom. No chatbots. No keynote theatrics. No robot demos. Wednesday's investor day in New York changed the script. The company announced a revenue-sharing deal with OpenAI, a multi-year agreement worth more than $1 billion with Amazon's AWS, and financial targets so far above Wall Street's estimates that the stock did something it rarely does — it moved. Thursday's tape: shares jumped about 10%. Investor's Business Daily had the day's surge at 12.8%, closing at $490.54 — on top of a 4.8% climb the day before. Forget the percentages for a second — the story underneath is stranger. The company that sells the picks and shovels of the semiconductor industry just signed the two biggest names in AI as development partners. OpenAI will...