NasdaqGS:CDNSSoftware
Cadence Design Systems (CDNS) Valuation Check After New AI Memory IP And Chiplet Ecosystem Launch
The latest move from Cadence Design Systems (CDNS) centers on two product announcements that tie the business more tightly to AI hardware, including a new LPDDR5X memory IP solution with Microsoft as the first customer.
See our latest analysis for Cadence Design Systems.
Those AI focused launches come after a steady year in the market, with a 1 year total shareholder return of 9.81% and a 3 year total shareholder return of 86.77%, while the current share price sits at US$323.06.
If Cadence’s...