Synopsys (SNPS) shares surged 7.99% in pre-market trading on Monday following the announcement of a $2 billion investment by Nvidia and a strategic partnership between the two companies.
The investment, made at $414.79 per share, is part of a broader collaboration to integrate Nvidia's AI and accelerated computing technologies with Synopsys' engineering solutions. The partnership aims to enhance the efficiency and cost-effectiveness of designing, simulating, and verifying intelligent products across various industries.