Synopsys (SNPS) reported better-than-expected fourth-quarter outcomes on Wednesday. The chip design software program supplier additionally issued upbeat steerage for the primary quarter.
Sassine Ghazi, Synopsys COO, President, and incoming CEO joins Yahoo Finance Dwell to debate the outcomes and why AI is a giant catalyst for the corporate.
As Ghazi notes, AI chips are “nonetheless in an early stage of adoption” as there isn’t a one size-fit-all chip, so utility wants will differ. Talking about in the present day’s chips, Ghazi calls them “so sophisticated” and that Synopsys has “numerous AI choices” to fulfill these wants.
On the subject of headwinds, Ghazi says that enterprise spending has softened and that he senses that softness will proceed into 2024.
For extra professional perception and the newest market motion, click on right here to observe this full episode of Yahoo Finance Dwell.
