97 Billion Nvidia Partners Just Got a Strong Buy Endorsement (Hint: It's Not Palantir or Micron)
This under-the-radar chip design software company just landed a multibillion-dollar vote of confidence from Nvidia, TSMC, and OpenAI.
Overview
Nvidia (NASDAQ: NVDA) has been making big bets on promising players in the AI race, and one lesser-known partner is starting to catch Wall Street's attention. Synopsys (NASDAQ: SNPS) is emerging as one of Nvidia's key AI partners, giving investors another way to invest in the AI boom beyond Palantir (NASDAQ: PLTR) and Micron (NASDAQ: MU). That's because Synopsys plays a pivotal yet overlooked role in designing the chips powering the AI boom.
Synopsys is perhaps one of the biggest under-the-radar beneficiaries of the AI build-out. The company provides the electronic design automation (EDA) software that engineers use to simulate and verify complex chips. That means that as AI requires more complex chips, Synopsys's tools are becoming increasingly important for getting those designs from concept to production.
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Originally published at www.fool.com.