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Story summary
- Synopsys shares rose 10% after forecasting FY 2027 revenue above analysts’ estimates.
- Synopsys also forecast FY 2027 profit that exceeds analysts’ expectations.
- Synopsys announced partnerships with OpenAI and Amazon Web Services at its New York investor day.
- The investor day in New York on Wednesday highlighted a long-term growth outlook.
- Synopsys said AI-driven chip design demand is increasing as companies invest heavily in artificial intelligence.