Semiconductor and AI System Development Is Booming -- Here's 1 Stock to Bet on the Long-Term Trend
Cadence Design Systems (NASDAQ: CDNS) may not be the first name you think of in the tech sector, but the semiconductor and computing systems design company is notching fast and steady growth from solid secular trends, especially generative AI.
Cadence -- along with its peer -- are two of just a very small handful of companies in the electronic design automation (EDA) software space. Think of it like Autodesk's AutoCAD, but for chips, computers, and other electronic components.
As such, Cadence is a top stock that investors should consider for exposure to the long-term growth of the chips and AI systems industries. Let's dive in.
Source Fool.com
Synopsys Inc. Stock
€506.80
0.680%
With 33 Buy predictions and not a single Sell prediction Synopsys Inc. is an absolute favorite of our community.
With a target price of 587 € there is a slightly positive potential of 15.82% for Synopsys Inc. compared to the current price of 506.8 €.
