From Zacks Investment Research: 2025-04-17 16:34:00

Cadence Design Systems (CDNS) stock has surged 1,300% in the past decade, outperforming rivals like Synopsys and Tech. The company plays a crucial role in AI chips and works closely with Nvidia. CDNS stock is currently trading 20% below its all-time highs, but it has found support near its 200-week moving average. Cadence is a pioneer in electronic systems design, providing software for semiconductor design and other technologies. The company has seen consistent revenue growth over the past five years and has a strong partnership with Nvidia to drive advancements in computing and AI. Wall Street remains bullish on CDNS stock, with 14 out of 18 brokerage recommendations rating it as a “Strong Buy”. The stock is currently trading at a discount and may present a buying opportunity for investors looking for long-term growth potential.



Read more at Zacks Investment Research: Buy This Market-Crushing Tech Stock Down 20% for Huge AI Upside – April 17, 2025