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Elliott Targets Synopsys
Description
Elliott Investment Management built a multibillion-dollar stake in Synopsys, pushing for improved revenue, margins, and sales execution. Elliott's Jesse Cohn sees Synopsys as a key AI beneficiary as chip complexity grows. Synopsys shares are down 6%+ over 12 months vs. a 71% gain in the semiconductor index, while rival Cadence Design gained ~8%.
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