15 AI Stocks Trending on Financial Media

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11. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Number of Hedge Fund Holders: 53     

Cadence Design Systems, Inc. (NASDAQ:CDNS) provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. On November 22, Wells Fargo initiated coverage of the stock with an Overweight rating and $350 price target. The advisory thinks a ramping hardware cycle into 2025 can drive accelerating revenue growth for Cadence, which is not fully factored into Street estimates. Cadence is well positioned longer term to benefit from artificial intelligence monetization, the advisory told investors in a research note.

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