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Barchart
Jabran Kundi

Lesser-Known Cadence Design Systems Just Landed Google and Nvidia Deals. Should You Buy CDNS Stock?

At a time when most software stocks have taken a beating, some companies are slowly emerging from the downturn not as casualties but as direct beneficiaries of improvements in AI. Cadence Design Systems (CDNS) is one such company making headlines not just because of the technology it is working on but also because of the two massive deals it has just signed with Alphabet (GOOG) (GOOGL) and Nvidia (NVDA).

The deal with Google Cloud will allow Cadence to optimize its ChipStack AI Super Agent on Google Cloud. This will allow the company to implement agentic design automation, helping develop the next generation of chips using the reasoning power of large language models (LLMs) and Cadence’s proprietary systems.

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