Synopsys (SNPS) received a shoutout from CEO Jensen Huang at Nvidia's (NVDA) GTC event: the company was highlighted for its Nvidia partnership, which will accelerate chip design leveraging AI. Synopsys CFO Shelagh Glaser joins Yahoo Finance Live to discuss the future prospects of this collaboration Glaser explains that Synopsys is responsible for developing the software that semiconductor engineers use to create AI chips. She states that the significance of Nvidia's announcement demonstrates to compute companies that "you really simply can't build a leading-edge chip without us." The CFO clarified that the Nvidia partnership aims to create "accelerated compute" for designing and manufacturing chips, "the most intensive workload in the industry." However, she notes that their software is not exclusive to Nvidia, utilized by all companies within the industry and extending beyond semiconductors. Glaser adds that the AI boom will continue to be a growth driver for Synopsys: "People need more of our tools, more of our software." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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