Nvidia takes $2 billion stake in Synopsys as AI deal spree accelerates

Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year tie-up to jointly develop new tools for designing products across industries using its AI technology.

The deal, unveiled by the companies on Monday, adds to Nvidia’s slew of new partnerships in the artificial intelligence ecosystem amid concerns of increasingly circular deals.

Synopsys shares rose 7% in premarket trading, while those of Nvidia fell nearly 2%.

The world’s most valuable firm has invested billions of dollars this year in companies linked…