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Morgan Stanley has lowered its price target for Arm and has replaced it with Cadence Design as its top pick. This shift highlights a strategic change in the firm's investment focus within the technology sector.
The Dubai AI Festival will return on April 23-24, 2025, at Madinat Jumeirah, showcasing Dubai's commitment to AI innovation and economic growth. Expected to attract over 8,000 industry experts and 100+ speakers, the event will explore AI's transformative impact across various sectors, emphasizing responsible deployment and ethical challenges. Registrations are now open for this pivotal gathering of global leaders and innovators in artificial intelligence.
Lip-Bu Tan has been appointed as the new CEO of Intel, tasked with leading the company's recovery in the semiconductor market. Originally from Malaysia, Tan holds a nuclear engineering degree from MIT and an MBA from California. He previously founded Walden International and served as CEO of Cadence Design Systems, where he successfully forged partnerships with TSMC and Apple.
Intel has appointed former ASML CEO Eric Meurice and Microchip Technology interim CEO Steve Sanghi to its board as the company seeks a replacement for ousted CEO Pat Gelsinger. Their extensive semiconductor experience addresses a gap left by a previous board member's departure. Intel is currently in the midst of a cost-cutting initiative and has engaged an executive search firm to assist in finding Gelsinger's successor.
Cadence Design Systems, Inc.
Companies
| Symbol | CDNS |
| Name | Cadence Design Systems, Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Software & Services |
| Industry | Software |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | San Jose |
| Zipcode | 95134 |
| Website | http://www.cadence.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley lowers Arm price target names Cadence Design as top pick
11:55 28.03.2025
dubai ai festival 2025 to showcase global innovation and investment opportunities
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