Cadence Raises Guidance on Agentic AI Opportunities
Cadence reported profit and revenue well above expectations and raised its guidance, citing anticipated double-digit growth fueled by agentic AI opportunities.
By Janet H. ChoAI chip design company Cadence Design Systems posted profit and revenue well above expectations, and raised its guidance in anticipation of double-digit growth fueled by "transformational Agentic AI opportunities."Cadence, which describes itself as a market leader in AI and digital t…