The company's management stated that they have received no new communication from the Bureau of Industry and Security (BIS), and their guidance reflects their current understanding of the export landscape. Synopsys provides end-to-end solutions for silicon-to-systems design, including EDA software, silicon IP, and system verification and validation. Cadence Design Systems specializes in computational software for semiconductor and systems design, and is a key player in the electronic systems design space. While we acknowledge the potential of CDNS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CDNS and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.