Synopsys Inc. (SNPS) shares surged to an all-time high Thursday, after the software firm posted better-than-expected first-quarter results and guidance on the back of the boom in demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products.

The maker of chip-design software reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $3.56 after the bell Wednesday, beating analysts' forecasts.

Quarterly revenue in its fiscal first quarter, whi👍ch ended January, rose to $1.65 billion, up about 21% year over year.

The Sunnyvale, Calif.-based company projected adjusted earnings per share 🦹for the current quarter ranging between $3.09 and $3.14.

"AI continues to drive our customers' investments in silicon and systems that position them for future growth," Synopsys president and CEO Sassine Ghazi said.

Synopsys 澳洲幸运5官方开奖结果体彩网:announced a $35 billi🐬on acquisition of simulation software company Ansys (ANSS) last month.

Synopsys makes software that engineers use to design and test silicon chips, with its customers including chipmakers Nvidia (NVDA)  and Intel (INTC).

Synopsys shares were up 7% at $581.26 each at 2:03 p.m. ET Thursday. They are more than 60% higher in the past year.