Nvidia on Monday announced it has purchased $2 billion of Synopsys’ common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions. As part of the multiyear partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, advance agentic AI engineering, expand cloud access and develop joint go-to-market initiatives, according to a release. Nvidia said it purchased Synopsys’ stock at $414.79 per share. “This is a huge deal,” Nvidia CEO Jensen Huang told CNBC’s “Squawk on the Street” on Monday. “The partnership we’re announcing today is about revolutionizing one of the most compute-intensive industries in the world: design and engineering.” Synopsys stock climbed 4%. Nvidia shares rose 1%. Nvidia has been one of the biggest beneficiaries of the AI boom because it makes the graphics processing units, or GPUs, that are key to building and training AI models and running large workloads.

Full report : Nvidia acquires $2 billion of Synopsys’ common stock and unveils a strategic partnership to accelerate computing and AI engineering products, including deploying CUDA.