14 AI News and Ratings Making Waves on Wall Street

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5. ANSYS, Inc. (NASDAQ:ANSS)

Number of Hedge Fund Holders: 74

ANSYS, Inc. (NASDAQ:ANSS) develops engineering simulation software for product design, analysis, and optimization across various industries.

On March 27, Ansys and GlobalFoundries announced their partnership to certify four Ansys photonic solvers for the GF Fotonix platform, improving simulation capabilities for photonic chip design. The collaboration enables engineers to model both passive and active photonic components with high accuracy, supporting applications in AI, autonomous vehicles, data centers, and IoT. The certified Ansys Lumerical tools allow for comprehensive optical, electrical, and thermal simulations. Both companies emphasize the importance of high-fidelity modeling in addressing design challenges, and helping customers develop advanced, high-capacity chips with greater efficiency.

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