Synopsys Rallies, Moderna Falls, Strategy Slides
On this episode of Stock Movers: - Nvidia (NVDA) invested $2 billion in chip-design software maker Synopsys (SNPS) as part of a broader engineering and design tie-up, aiming to infuse its AI-computing technology into more industries. Nvidia purchased the shares at $414.79 each, the companies said in a statement on Monday. The stake represents 2.6% of Synopsys’ outstanding stock. California-based Synopsys is one of the largest providers of software and services used to design electronic components. It aids with designing the complex layout of billions of transistors and connectors for…
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