Synopsys's AWS and OpenAI deals and raised outlook
Synopsys, which makes the software used to design chips, forecast faster growth than analysts expected and signed large deals with Amazon, which will use its designs in Amazon's own chips, and with OpenAI. That favours it over other technology companies.
What changed
We raised our expected return for Synopsys against the rest of the technology sector.
| Symbol | Without it | With it | Change |
|---|---|---|---|
| SynopsysSNPS | 8.32% | 9.62% | +1.30pp |
Each stock as it stands now, and without this story. Figures are annual expected returns (arithmetic means). They are not a forecast or a promise.