Cadence Design Systems Inc vs SoundHound AI Inc — how do they compare? Cadence Design Systems Inc trades at $326.4 (market cap $90.20B), while SoundHound AI Inc trades at $7.45 (market cap $3.29B). The key difference: Cadence Design Systems Inc is far larger — about 27.4× SoundHound AI Inc's market cap, and Cadence Design Systems Inc is trading nearer its 52-week high, SoundHound AI Inc nearer its low. Which is the better fit depends on your goals.
| CDNS | SOUN | |
|---|---|---|
Market Cap | $90.20B | $3.29B |
Sector | Technology | Technology |
52-Week High | $416.39 | $21.40 |
52-Week Low | $265.66 | $5.70 |
Enterprise Value | $91.41B | $3.09B |
Trailing returns across standard periods
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Read more on CDNS →SoundHound AI, Inc. is a leading innovator in voice artificial intelligence, specializing in conversational intelligence technology. The company develops a platform that allows businesses to add custom voice assistants and natural language processing capabilities to their products and services, ranging from in-car systems and smart speakers to mobile apps and IoT devices. SoundHound's core technology, including its proprietary speech recognition and natural language understanding models, aims to enable fast, accurate, and deeply integrated voice AI experiences across various industries.
Read more on SOUN →