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Synopsys Rises, Accenture Climbs, Coinbase Drops After Crypto Selloff
Description
On this episode of Stock Movers:
- Synopsys (SNPS) shares rise after Nvidia struck a deal to invest $2 billion into chip-design software maker Synopsys Inc.’s stock as part of a broader engineering and design tie-up, the latest massive investment by the chipmaker into one of its own suppliers.
- Accenture (ACN) shares climbed in early NY trading after announcing a collaboration with OpenAI to help enterprise clients integrate agentic AI systems into their core business operations. Accenture will equip tens of thousands of its professionals with ChatGPT Enterprise, leveraging it consulting, operations and delivery work. Partnership will help OpenAI scale its capabilities to enterprises. OpenAI will be one of Accenture’s primary AI partners for AI-powered services
- Coinbase shares fell. Crypto stocks were sliding following another selloff in Bitcoin, which has dropped 5% over the past 24 hours to fall back below $90,000 to around $86,500. Shares in the crypto exchange Coinbase Global dropped 3.7%, Bitcoin investor Strategy fell 4.1%, and online-trading platform Robinhood Markets was down 3.3%.
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