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Barchart
Larry Ramer

Cadence Deal With Intel Backs Bullish Thesis on Cadence’s Agentic AI

Cadence Intel Corporation CDNS Stifel Intel Foundry

Cadence (CDNS) recently announced that it had expanded its collaboration with Intel's (INTC) chip-manufacturing unit, known as Intel Foundry. Under the deal, Intel will utilize Cadence's AI agents and its Design IP products to enhance “Intel’s next-generation process technologies, beginning with Intel 14A.” The agreement provides evidence that my previous, bullish thesis on Cadence is valid and, together with Cadence's impressive first-quarter results and analysts' bullish view on the shares, makes CDNS stock a buy for growth investors.

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