Will This Top AI Stock Dominate Again In 2024? Cadence Design’s (CDNS Stock) Epic Closeout to 2023

Watch our video: "Investing in Semiconductor Manufacturing Equipment Stocks: The Ultimate 2024 Guide" 👉 • AI Supercycle: Your Ul...
Chip Stock Investors Nick and Kasey discuss Cadence Design Systems (CDNS) in today’s video, the #2 player in the electronic design automation (EDA) oligopoly behind Synopsys (SNPS) and ahead of Siemens EDA (formerly Mentor Graphics).
They talk about Cadence’s impressive performance in 2023, which has steadily propelled the “top AI stock” to new heights. Cadence Design Systems has had a successful organic developer of new tech, and its collaborations (such as with Nvidia), and its impact on AI and accelerated computing systems, has put it in position for excellent growth prospects going forward.
Its hardware division is also a good indicator of the overall semiconductor market, acting as a proxy for more good times to come. Watch this video to learn more about Cadence Design Systems, and how Chip Stock Investor is handling this investment in their own portfolio.
Chapters:
00:0 Introduction and Overview of Cadence Design Systems
01:54 Review of Cadence Design Systems' Recent Performance
04:41 Understanding Cadence's Business Model and Growth Strategy
09:00 The Role of AI in Cadence Design Systems' Future
13:45 Analyzing Cadence's Valuation and Future Prospects
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Nick and Kasey own shares of Cadence Design Systems and Synopsys

[@zebbie09]

Y’all are awesome. Thanks for sharing. I wish I discovered you sooner.

[@reggie2261]

Cadence and Siemens also tried to buy Ansys. EDA AI is projected to grow 20% CAGR

[@Carol-cb9yu]

Who knew? Well you did so I bought the stock awhile ago. No one covers the details like you two.

[@geordiehawkins7372]

Thanks for the update. Been watching both CDNS and SNPS for a good entry point. Still watching will make an entry when it pullsback. Love both long term but leaning towards SNPS. Will go with whichever seems to have the better value when the market pulls back.

[@jamilbiotech91]

Ohhhhh boy!! Beeen waiting on this one!!

[@nicholasgovernale9146]

Thank you for all your information it’s incredible valuable

[@chipstockinvestor]

Glad you think so!

[@ggbr07]

Thanks for the video! You look great with your hair down.

[@kiwipiee]

I’ve been looking to diversify my chip side of the portfolio. Could you please go in a little bit deeper in the top picks of each category in your chart? :) Thanks btw for the content. New follower and been watching every new episode so far

[@chipstockinvestor]

Thank you for watching, and welcome! You'll see us peel back the layers on each of the categories in the Semi Flow chart. Did you catch the video on Synopsys, the other leader in EDA, a couple weeks ago?

[@shannonoliver7992]

Thanks for this analysis. Best semiconductor content on the net. I finally decided to pull the trigger on Cadence. I have to keep in mind that I'm not a trader. I'm investing long-term in great businesses. I'd rather DCA than wait for the perfect valuation that may never come. Not exactly FOMO, but......... You two are killing it !.

[@chipstockinvestor]

Thanks Shannon! Nice one on CDNS. They really keep going from strength to strength, but got to mind that valuation too.

[@shannonoliver7992]

I know, you're so right! @@chipstockinvestor

[@Ronnieleec]

Thank you.

[@chipstockinvestor]

Thank YOU! We appreciate you being here!

[@vspl3641]

super

[@johnrogers9065]

Is that a bass I see in Nick's background?

[@chipstockinvestor]

Sure is! No performances though

[@shailmody1650]

Can you’ll make a video on Marvel Technology before its earnings

[@user-sm9ms6yw9p]

Thanks you!

[@randygonzalez4832]

$BiOL GOING TO 1000% BEFORE FRIDAY

[@John_thetrader]

jeuj im first haha are you brother and sister btw ?

[@chipstockinvestor]

You were fast! We like to keep your question a mystery for everyone to solve... lolol

[@John_thetrader]

@@chipstockinvestor anyway your teaching valueble things here ...like the chart ...and ive learned a few new compnays so ...always nice to know who does what for what compnay ... still the best video would be a breakdown of the total cycle and the companys in them ... because now its jumping all over the place only talking about earnings...so you could make a playlist of it and just do a few at a time ... tnx and ill send a cofee haha

[@John_thetrader]

im pointing at the MAP your using a lot ...

[@jdog8019]

And they will forever...

[@chipstockinvestor]

Hard to see anyone dislodging them, as well as Synopsys.

[@Ronnieleec]

AMAT crushed it

[@chipstockinvestor]

They did! Brief update Friday morning to close out our week

[@superbaran9042]

Cadence will grow, but earnings were meh. Dropped after the earnings and trading below the earnings numbers.

[@cedricdellafaille1361]

All the stocks you cover I love their business models but this price... way to high

[@chipstockinvestor]

It is very high. Unfortunately, it will probably be a premium price for a long time, sometimes slightly less of a premium, sometimes a bit more.

[@aaron88972]

Can you make your videos shorter between 10-15 minutes? 😊

[@johnrogers9065]

Nah, too much value here. Try increasing the playback speed to 1.25x

[@shannonoliver7992]

Please don't!

[@chipstockinvestor]

We think we've found our groove at about 15-20 minutes

[@JnMyNy]

Please don't listen to this guy! Your videos are top tier quality. Sheeiiiittt....I'd prefer 30 minutes of 💎, I have a half hour drive to and from work 😅😅. Tysm for all that you do.

[@aaron88972]

no need to be rude!