India, Oct. 1 -- Synopsys, Inc. (SNPS) is up 9.38 percent, gaining $40.80 to $475.74 on Thursday. The move comes amid investor reaction to the company's strategic partnership with OpenAI to develop GPT-Synopsys, a specialised AI model designed to work with Synopsys' electronic design automation tools for semiconductor design workflows.
Synopsys is currently trading at $475.74, up from the previous close of $434.94 after opening at $467.85 on the Nasdaq. The stock has traded between $462.00 and $493.30 during the session, with trading volume at 3.27 million shares versus average volume of 1.87 million.
Under the multi-year agreement, Synopsys and OpenAI will jointly develop and market GPT-Synopsys, which is intended to use OpenAI models wi...