Synopsys (NASDAQ:SNPS) loses $6.3 billion following Kimi K3 chip-design demonstration
Synopsys shed roughly $6.27 billion in implied market value on Friday, with shares ending the session 7.85% lower at $384.28 following Moonshot AI’s disclosure of its Kimi K3 chip-design project. The estimate is based on 191.48 million shares outstanding.