Jim Cramer’s 29 Stock Calls and Space Players Worth Watching Like SpaceX and Rocket Lab

27. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Cadence Design Systems, Inc. (NASDAQ:CDNS) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Toward the end of the lightning round, a caller inquired if they should buy more, hold, or sell the stock. Cramer replied:

Cadence is a hold, and if it comes down, it’s a buy. This is a company, by the way, that Lip-Bu Tan used to run, and it is sensational. I love it, and we’ve had them on. They’re real smart guys.

Cadence Design Systems, Inc. (NASDAQ:CDNS) creates AI-powered software, hardware, and silicon IP for designing and verifying complex electronic systems, such as chips and Printed Circuit Boards. Cramer discussed the stock during the February 23 episode and said:

So where do I come out on this? Look, I think you need to take the competitive threat from AI very seriously, and when we’re talking about traditional enterprise software stocks. But some of these groups… let’s say they’re more threatened than others. Cadence Design Systems, which makes design software, and Datadog, a data monitoring and analytics platform, have both been able to rally after really good quarters. That tells me there is a floor for some of these, the ones that are more insulated from AI disruption.