Synopsys Stock Soars To a Record High as AI Boom Drives Bullish Outlook, Earnings Beat

Key TakeawaysSynopsys shares surged to an all-time high Thursday, after the software firm posted better-than-expected first-quarter results and guidance on the back of the AI boom. The Sunnyvale, Calif.-based company projected adjusted earnings per share for the current quarter ranging between $3.09 and $3.14.CEO Sassine Ghazi credited customers' spending on AI for the bullish numbers.Synopsys Inc. (SNPS) shares surged to an all-time high Thursday, after the software firm posted better-than-expected first-q ...