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Barchart
Barchart
Ruchi Gupta

This ‘Strong Buy’ Chip Stock Just Scored a New ‘Overweight’ Rating. Should You Buy It Now?

Harlan Sur Cadence JPMorgan

Cadence Design Systems (CDNS) is a provider of software, hardware, and services all over the world. The company is known for developing computational, AI-driven systems, and intellectual property (IP) solutions for scientists and engineers. 

With a market cap of $78 billion, the company is building momentum, gaining 17% in the last 5 days. Although the stock is just barely in the green in 2025, it has climbed 44% in the last 2 years, 106% in 3 years, and 266% in the previous 5 years.

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