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Cadence (CDNS) Unveils NPU to Enhance Edge AI Performance
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Cadence Design Systems (CDNS - Free Report) unveiled its new AI technology and software tools to meet the growing demand for on-device and edge AI processing. The new Cadence Neo Neural Processing Units (NPUs) are highly scalable and offer a wide range of AI performance while being energy-efficient.
The company further added that these NPUs can provide up to 80 TOPS of performance in a single core and support both traditional and modern AI models. They can offload AI/ML tasks from various host processors, such as application processors and microcontrollers, using a simple AMBA AXI interconnect.
The flexible Neo NPUs have a configurable architecture, which makes them suitable for both power-sensitive devices and high-performance systems. This flexibility allows system architects to integrate optimal AI inferencing solutions into a wide range of products, including intelligent sensors, IoT devices, mobile devices and advanced driver-assistance systems.
In addition to the AI hardware, the company also launched the NeuroWeave Software Development Kit (SDK), which serves as a unified AI software solution for Cadence AI and Tensilica IP products and makes AI development more accessible without the need for coding.
The Neo NPUs and the NeuroWeave SDK have been designed to support the Cadence Intelligent System Design strategy and can enable system-on-a-chip design improvement. These are expected to be available from December 2023.
Cadence offers products and tools that help customers to design electronic products. The company continues to invest heavily in verification and digital design products, helping it launch products that address the ever-growing needs of electronics and semiconductor companies.
In September, the company rolled out the next-generation AI-powered OrCAD X platform, which is also enabled with Cadence OnCloud Platform. The platform boasts augmented electrical constraints and performance improvements. It is deeply integrated with the Cadence system design and analysis portfolio, leading to reduced time to market.
CDNS currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 47.8% compared with the sub-industry’s growth of 42.4% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Woodward (WWD - Free Report) , Aspen Technology and Badger Meter (BMI - Free Report) . Woodward presently sports a Zacks Rank #1 (Strong Buy), whereas Badger Meter and Aspen Technology currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Woodward’s fiscal 2023 earnings per share (EPS) has increased 15.9% in the past 60 days to $4.15.
WWD’s long-term earnings growth rate is 13.5%. Shares of WWD have gained 37.6% in the past year.
The Zacks Consensus Estimate for Aspen Technology’s fiscal 2024 EPS has increased 5.8% in the past 60 days to $6.58.
Aspen Technology’s long-term earnings growth rate is 17.1%. Shares of AZPN have declined 12.6% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 EPS has increased 6.3% in the past 60 days to $2.86.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 6.7%. Shares of BMI have surged 69.5% in the past year.
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Cadence (CDNS) Unveils NPU to Enhance Edge AI Performance
Cadence Design Systems (CDNS - Free Report) unveiled its new AI technology and software tools to meet the growing demand for on-device and edge AI processing. The new Cadence Neo Neural Processing Units (NPUs) are highly scalable and offer a wide range of AI performance while being energy-efficient.
The company further added that these NPUs can provide up to 80 TOPS of performance in a single core and support both traditional and modern AI models. They can offload AI/ML tasks from various host processors, such as application processors and microcontrollers, using a simple AMBA AXI interconnect.
The flexible Neo NPUs have a configurable architecture, which makes them suitable for both power-sensitive devices and high-performance systems. This flexibility allows system architects to integrate optimal AI inferencing solutions into a wide range of products, including intelligent sensors, IoT devices, mobile devices and advanced driver-assistance systems.
Cadence Design Systems, Inc. Price and Consensus
Cadence Design Systems, Inc. price-consensus-chart | Cadence Design Systems, Inc. Quote
In addition to the AI hardware, the company also launched the NeuroWeave Software Development Kit (SDK), which serves as a unified AI software solution for Cadence AI and Tensilica IP products and makes AI development more accessible without the need for coding.
The Neo NPUs and the NeuroWeave SDK have been designed to support the Cadence Intelligent System Design strategy and can enable system-on-a-chip design improvement. These are expected to be available from December 2023.
Cadence offers products and tools that help customers to design electronic products. The company continues to invest heavily in verification and digital design products, helping it launch products that address the ever-growing needs of electronics and semiconductor companies.
In September, the company rolled out the next-generation AI-powered OrCAD X platform, which is also enabled with Cadence OnCloud Platform. The platform boasts augmented electrical constraints and performance improvements. It is deeply integrated with the Cadence system design and analysis portfolio, leading to reduced time to market.
CDNS currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 47.8% compared with the sub-industry’s growth of 42.4% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Woodward (WWD - Free Report) , Aspen Technology and Badger Meter (BMI - Free Report) . Woodward presently sports a Zacks Rank #1 (Strong Buy), whereas Badger Meter and Aspen Technology currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Woodward’s fiscal 2023 earnings per share (EPS) has increased 15.9% in the past 60 days to $4.15.
WWD’s long-term earnings growth rate is 13.5%. Shares of WWD have gained 37.6% in the past year.
The Zacks Consensus Estimate for Aspen Technology’s fiscal 2024 EPS has increased 5.8% in the past 60 days to $6.58.
Aspen Technology’s long-term earnings growth rate is 17.1%. Shares of AZPN have declined 12.6% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 EPS has increased 6.3% in the past 60 days to $2.86.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 6.7%. Shares of BMI have surged 69.5% in the past year.