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Cadence is a chip stock left behind by the AI boom. Why the CEO says that's a mistake

Posted on August 18, 2026
By CNBC
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1 min read

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Cadence is a chip stock left behind by the AI boom. Why the CEO says that's a mistake

Cadence President and CEO Anirudh Devgan said AI is a growth driver, not a threat, as increasingly complex chips drive demand for the company’s design tools.