This Top AI Stock Just Made an Important Acquisition to Kick Off 2024

As AI went from short-term hype to an enduring trend, the world became aware of how important electronic design automation (EDA) software is in 2023. EDA is a type of computer-aided design suite specifically for chips and computing systems. To start 2024, industry leader Cadence Design Systems (CDNS 0.64%) is making an acquisition to double down on its most critical EDA-related services: custom silicon design.The company being acquired is a small engineering team called Invecas, which will be added to Caden ...