Episode 56: 1 Top Chip Stock Making Waves In Healthcare and Drug Discovery (CDNS)

In this episode of Chip Stock Investor, Nick and Kasey review another stellar quarter from EDA (electronic design automation) software company Cadence Design Systems (CDNS). Some headlines have suggested the company is suffering from a weak semiconductor industry, but nothing could be further from the truth. Cadence and its EDA peers benefit from increased R&D as chip and computing system designs get more complex. Now Cadence is betting on a similar dynamic playing out among big pharmaceutical and biotech companies. Cadence is in the early stages of making its OpenEye Scientific acquisition (over the summer of 2022) a giant in computing power for drug discovery, development, and optimization. Similar trends in chip and AI could help propel this new market for Cadence higher as well. Finally, Nick and Kasey discuss valuation, and assumptions the market may have for Cadence stock. There’s no denying shares trade for a very high premium, so they discuss how investors may choose to approach this top chip stock if they don’t already own it. If you feel like leaving us a tip you can do so at : https://ko-fi.com/chipstockinvestor Thanks for the support! We use data, charts, and KPI's from our friends at Main Street Data. If you would like to check it out and subscribe to a premium membership here is a link that will get you 10% off👇 https://mainstreetdata.com/subscription?via=chipstockinvestor If you're serious about investing, then Seeking Alpha Premium is a great way to supplement what you learn on our channel. It gives you the tools and resources you need to make better investment decisions and win in the stock market. Sign up for Seeking Alpha Premium today and get a special discount through our link: https://seekingalpha.me/ChipStockInvestor Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. Nick and Kasey Rossolillo own shares of Cadence Design Systems #softwarestocks #cadencedesignsystems #eda #semiconductor #chips #investing #stocks #finance #financeeducation #silicon #artificialintelligence #ai #financeeducation #chipstocks #finance #stocks #investing #investor #financeeducation #stockmarket #chipstockinvestor #fablesschipdesign #chipmanufacturing #semiconductormanufacturing #semiconductorstocks