Cadence Design Systems, Inc.

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today introduced a new agent for Cadence® ChipStack™ AI Super Agent that automates front‑end digital design and verification—covering power, performance and area (PPA)-driven spec‑to‑RTL generation, RTL analysis, and refinement; all from natural language prompts. Building on the industry's first agentic workflow for front‑end design and verification announced in February 2026, this RTL Generation Agent extends the ChipStack AI Super Agen.

Nvidia grew revenue 106% year over year to $96.2 billion in its latest quarter, and management is forecasting about 70% revenue growth in fiscal 2028. Broadcom says it has already secured the manufacturing supply to double its AI chip revenue to about $115 billion next fiscal year.

CDNS is benefiting from rising AI complexity, driving demand for advanced packaging, 3D-IC and differentiated IP.

Even after its massive gains over the past several years, Nvidia looks undervalued. AMD is making competitive strides in AI chips, but its valuation may have gotten ahead of the business.