We recently published a list of 15 AI News You Should Pay Attention To. In this article, we are going to take a look at where Cadence Design Systems, Inc. (NASDAQ:CDNS) stands against other AI news you should pay attention to.
AI themes have dominated stock markets around the world over the past few months. Investment titan Blackrock recently released an investor note on the subject, stressing that as the new year unfolds, AI advancements and diplomatic developments will continue to shape the top market trends. In the note, Jay Jacobs, the US Head of Thematic and Active ETFs at the firm, stated that these two themes stayed in the limelight for virtually all of 2024 and are likely to remain in primary focus for 2025. The note further detailed that 2025 could be a pivotal year for technological progress and adoption in AI tech, as GenAI advances and more sophisticated models were combining to drive meaningful growth in AI capabilities.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
However, the investment firm also addressed regulatory and geopolitical challenges that were hampering growth. Per the analysts at the firm, the rise and advancements in AI also added strains to the geopolitical map. The note highlighted that regulation and desire to control the technology may lead to divergence between US-focused AI names and those with more global exposure.
Read more about these developments by accessing Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
An office of software engineers and designers collaborating on a digital project.
Number of Hedge Fund Holders: 53Â Â Â Â Â
Cadence Design Systems, Inc. (NASDAQ:CDNS) provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. On November 20, the company announced the development and successful tapeout of a first Arm-based system chiplet. A chiplet is a small, modular integrated circuit that can be combined to create a more complex system-on-chip. These systems are becoming more popular as AI workloads become more demanding, requiring greater power and efficiency.
