News / Uncategorized
[Platinum] 3 stocks to watch for AI revolution #1
[Platinum] 3 stocks to watch for AI revolution #1
August 21, 2023
#1 Cadence Design System (Ticker: CDNS)
Cadence Design System: Primarily offers electronic design automation (EDA) software and hardware: these tools play an integral role in the electronics design chain, as they’re used to develop analog, RF, mixed-signal and custom chip designs, as well as improve the time it takes to design digital parts of chips.
Cadence Verification Suite: verifies chip designs before the chip is set in silicon which can reduce system integration times by up to 50%.
Provide digital integrated circuit (IC) design products, implementation tools, system interconnect design products, intellectual property (IP) products and verification IP and memory models.
PARTNERSHIPS
Ambarella (summer, 2020): began using Cadence Design’s Clarity 3D Solver for the former’s next-generation AI vision processors. These products are ultimately used in products like video security systems, advanced driver assistance systems (ADAS), electronic mirrors and drive recorders, driver/cabin monitoring, autonomous driving and robotic applications.
Samsung (October, 2020): allow mutual customers of both companies to use Cadence’s automated circuit design, layout, signoff and verification flow for eventual use in automotive, mobile, data center, AI and other applications.
Toshiba: Uses the Cadence Tensilica Vision P6 DSPs in its ADAS chip. Cadence’s Vision P6 DSPs offers enhanced performance and 3.8 times more power efficiency than other CPUs that are used for vision and AI applications. Toshiba noted that Cadence’s Vision P6 DSPs are a perfect fit for automotive applications, as the company can now enable multiple driver-assistance functions on one chip, in real time.
NUMBERS
Q4 2021
– $0.82 per share on $773 million in sales ($0.83 per share and sales of $759.91 million in the same quarter 2020)
– Analysts were expecting adjusted earnings of $0.76 per share and revenue of $757.19 million.
Fiscal year 2021
– Adjusted earnings of $918 million, or $3.29 per share, and total sales of $2.99 billion. That represents 17.4% annual earnings growth and 11.6% annual sales growth.
– Analysts were looking for adjusted earnings of $3.13 per share on $2.97 billion in sales.
Q1 2022
– Anticipates revenue between $850 million and $870 million and adjusted earnings per share between $1.00 and $1.04. ($0.83 per share and revenue of $736.03 million in the first quarter of 2021)
Fiscal year 2022
– Expects total revenue between $3.32 billion and $3.38 billion and adjusted earnings per share between $3.70 and $3.80.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum] 3 stocks to watch for AI revolution #1
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum] 3 stocks to watch for AI revolution #1
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024