15 Trending AI Stocks on Latest News and Analyst Ratings

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

Market Capitalization: $84 Billion   

Cadence Design Systems, Inc. (NASDAQ:CDNS) provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. On November 11, Loop Capital initiated coverage of the stock with a Buy rating and $360 price target. Semiconductor design companies represent miners for chip-design gold as some succeed while others fail to strike chip-design gold, the advisory told investors in a research note. Investment into EDA, or electronic design automation, and IP companies like CDNS is an ideal way to hedge against this trend in chip design redundancy, Loop added.

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