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Oppenheimer Initiates Underperform Rating on Cadence Design Systems, Inc. (CDNS) with $225 Price Target, Citing Long-Term Uncertainties and Premium Valuation

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86% Informative

Cadence Design Systems , Inc. ( NASDAQ : CDNS ) provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.

It uses AI to develop simulations for physical phenomena, like air flows around jet aircrafts.

The rise of edge AI could lead to new opportunities and growth within the consumer electronics market.

If you are looking for an AI stock that is more promising than CDNS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. Disclosure: None. This article is originally published at Insider Monkey ..

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