Synopsys shares rally as activist Elliott builds multibillion-dollar stake in chip design firm

Shares of Synopsys climbed about 4% Monday as activist investor Elliott Investment Management built a multibillion-dollar stake in the company, CNBC's David Faber confirmed."As AI drives a step change in chip complexity and capital investment, Synopsys is uniquely positioned to benefit from this growth," Jesse Cohn, Managing Partner at Elliott, told CNBC."We believe there is a clear opportunity for Synopsys's financial performance to more fully reflect the value it delivers," Cohn added, highlighting Elliot ...