Cadence Design: Why the shakeout due to Synopsys was exaggerated! These three AI-based waves will also ensure growth in the long run!

An exaggerated pullback was observed this week for Cadence Design following weak numbers from competitor Synopsys. The reasons: AI has a positive impact on two levels As the Cadence management presented at an investor conference this week, AI will positively impact Cadence Design's business in two ways. Cadence software is central to the construction of AI chips and systems. Cadence is well positioned with its products among NVIDIA, Broadcom, AMD, and TSMC. Secondly, AI is being integrated into its own tools to increase productivity and quality....