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Synopsys Shares Rise on Amazon and AI Partnerships

Synopsys shares were up 3.5% at $450.08 in premarket trading following news of new partnerships with Amazon and OpenAI, highlighting the chip-design software company's focus on artificial intelligence.

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Synopsys is seeking to persuade investors that it stands to benefit from artificial intelligence, and lining up OpenAI and Amazon is a notable step for the chip-design software company. 8% gain in the previous session.