Synopsys CEO: We're already seeing benefit of rapid AI adoption

Synopsys (SNPS) shares are jumping after the company reported better-than-expected results and raised its full-year guidance on Wednesday. Synopsys CEO Sassine Ghazi joins Market Domination to discuss the company's work with Nvidia (NVDA) and acquisition of Ansys (ANSS), and the broader AI moment.
Ghazi explains that the quarter's "strong performance" was owed to two segments of the company's portfolio: design automation, or the software used by chip designers like NVDA to create chips, and design IP, the prepackaged "lego blocks" of chip design used by chip developers and hyperscalers.
Like Nvidia CEO Jensen Huang, Ghazi believes the "next industrial revolution" is here, but in its "early phase." The first step is building out infrastructure, including the computing requirement, he says. The second phase, "which you could call the industrial revolution, is when all systems become intelligent systems," the CEO tells Yahoo Finance.
Ghazi adds that some of the company's revenue can be directly attributed to AI. He notes that Synopsys began selling AI embedded in software in 2020, which has contributed to a "20% uplift" in the domains where customers are using AI.
#youtube #yahoofinance #stockmarket
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: www.instagram....
TikTok: www.tiktok.com...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

[@888Longball]

As with all tech, it is over hyped and 20 years from general adoption.

[@jamilbiotech91]

Synopsys is well positioned for growth in the A.I space