Reported about 2 months ago
Synopsys CEO Sassine Ghazi announced that the company expects its fourth-quarter revenue and profits to exceed Wall Street forecasts, driven by robust demand for software used in designing advanced, AI-compatible chips. With a growing need for powerful processors fueled by artificial intelligence, Synopsys predicts Q4 revenue between $1.61 billion and $1.64 billion, while third-quarter revenue surged by 13% to $1.53 billion.
Source: YAHOO