Altair Engineeri Stock Price, News & Analysis

Altair (Nasdaq: ALTR) has been chosen as an electronic design automation (EDA) partner for the Samsung Advanced Foundry Ecosystem (SAFE™). This collaboration aims to integrate Altair's comprehensive EDA technology with Samsung Foundry's manufacturing capabilities, enhancing semiconductor design and production efficiency. Altair will provide various design and verification solutions, including chip design, analog circuit verification, production process simulation, and rapid debugging technology. Their FlowTracer™ visualization platform and integrated solutions like high-performance computing resource management, AI-based meta-scheduling, and data analytics will support market responsiveness and product development competitiveness.

Altair (Nasdaq: ALTR), a leader in computational intelligence, has announced a definitive agreement to acquire Metrics Design Automation Inc., a Canadian company specializing in semiconductor electronic functional simulation and design verification. Metrics' flagship product, DSim, offers a simulation as a service (SaaS) model that enhances accessibility and affordability in the IC design verification process. The acquisition aims to combine DSim with Altair's Silicon Debug Tools to create a superior simulation environment. This new solution will be available through Altair One and supports running simulations on desktops, servers, or the cloud.

Altair (Nasdaq: ALTR) has announced a collaboration with HP to integrate HP's proprietary material data into the Altair Material Data Center. This partnership aims to enhance the design and production of 3D-printed parts, particularly for Multi Jet Fusion and Metal Jet printers.

By bridging the gap between design and production, the collaboration will allow engineers to access accurate material property data, improving design efficiency and reducing prototyping time. Additionally, users of Altair Inspire Print3D will benefit from this integration, enabling faster and more accurate design and simulation of additively manufactured parts.

Altair (Nasdaq: ALTR) has been recognized as a Leader in the June 2024 Gartner Magic Quadrant for Data Science and Machine Learning Platforms.

This recognition reflects Altair's completeness of vision and ability to execute, particularly for its Altair RapidMiner offering. Gartner highlights that Leaders in this market have a refined strategy leveraging generative AI (GenAI), ensuring high customer business value.

This prestigious placement validates Altair's strong market position and innovative capabilities in data analytics and machine learning.

Altair (Nasdaq: ALTR), a leader in computational intelligence, has been added to the S&P MidCap 400, effective June 24, 2024. This inclusion marks a significant milestone for Altair, demonstrating its steady growth and leadership in simulation and design, data analytics, AI, and high-performance computing. The S&P MidCap 400 index benchmarks mid-sized companies, highlighting their unique risk and return profiles. CEO James R. Scapa regards this achievement as a testament to Altair's strong market position.

Altair (Nasdaq: ALTR), a leader in computational intelligence, announced the availability of Altair One® on Google Cloud Marketplace. This integration allows users to access advanced simulation, data analytics, and high-performance computing (HPC) capabilities seamlessly. Altair One aims to enhance collaborative engineering and analytical application development. It provides unified access to tools and resources, leveraging AI to optimize product development processes. Google Cloud users can now utilize Altair's Bring Your Own Cloud (BYOC) functionality to run applications efficiently. This collaboration is expected to boost engineering innovations by utilizing Google's scalable cloud infrastructure.

Altair (Nasdaq: ALTR), a global leader in computational intelligence, is the official computational science and AI partner for the NYYC American Magic team in the 37th America's Cup. Altair's technology, including computational fluid dynamics, structural analysis, data analytics, and high-performance computing, significantly improved the yacht design and testing process. The collaboration led to the creation of an advanced "AC75" yacht. The 37th America's Cup begins on August 22, 2024, in Barcelona. Altair's technology was important in expediting the design process, allowing the team to iterate and innovate rapidly, aiming to win the cup in October.

Altair (Nasdaq: ALTR) announces the ATCx AI for Engineers 2024 global virtual event on June 20. This event will gather engineers from design, simulation, and manufacturing to explore AI's transformative potential in product development. Key speakers include professionals from Forrester, Deloitte, Lotus, McKinsey, Renesas Electronics, CNH Industrial, Hero MotoCorp, Daikin, Mabe, and Alcom. A highlight will be the exclusive reveal of Altair's '100 Use Cases for AI-Powered Engineering,' offering practical insights for engineers. Additionally, Sean Martin from Altair will present on integrating data with knowledge graphs. The event will be accessible worldwide with live translations in multiple languages.

Altair (Nasdaq: ALTR), a leader in computational intelligence, announced that its Chief Financial Officer, Matt Brown, will participate in fireside chats at three upcoming investor conferences. These conferences include the William Blair Growth Stock Conference on June 5, 2024, in Chicago, IL at 12:40 p.m. CT, the Baird Global Consumer, Technology & Services Conference on June 6, 2024, in New York, NY at 11:25 a.m. ET, and the NASDAQ London Investor Conference in partnership with Jefferies on June 11, 2024, in London, ENG at 2:00 p.m. BST. A live webcast and replay of these presentations will be available on the company’s investor relations website.