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Cadence Design Systems CEO Anirudh Devgan boasts that almost every chip designed globally utilizes their software. As the year 2023 draws to a close, investors ponder whether this top AI stock will continue to dominate in 2024. With an epic closeout in 2023, Cadence Design Systems remains a market leader, poised for continued success in the AI sector. Keep an eye on CDNS stock for potential gains.

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