Cadence Design Systems, Inc. - Common Stock (CDNS)

Synopsys, Inc. (NASDAQ: SNPS) reported strong second-quarter results, beating revenue, gross profit, and adjusted EPS estimates. The company's outlook is also positive, with increased guidance for FY25. SNPS shares are up 4.23% premarket.

The report follows previous restrictions on Nvidia’s China-specific AI chips and ASML’s extreme ultraviolet lithography (EUV) machines.

The United States has imposed new export restrictions on China, requiring licenses for semiconductor design software.

Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) fell 5.2% in the afternoon session after the Trump administration told US companies that make software for designing semiconductor chips to stop selling to China. This instruction was aimed at restricting China's ability to develop advanced semiconductor chips, a critical area for artificial intelligence. 

The regular session of the US market on Wednesday is now over, but let's get a preview of the after-hours session and explore the top S&P500 gainers and losers driving the post-market movements.

Trump's order to restrict chip sales to China causes Synopsys and Cadence stocks to drop. Move limits China's access to vital software for chip development.

Cadence and Synopsys tumbled after the Trump administration blocked the chip design software firms from selling in China.

Get insights into the S&P500 index performance on Wednesday. Explore the top gainers and losers within the S&P500 index in today's session.

Curious about the S&P500 stocks that are in motion on Wednesday? Join us as we explore the top movers within the S&P500 index during today's session.

Computer design software Autodesk stock saw its IBD SmartSelect Composite Rating rise to 97 Tuesday, up from 91 the day before.

The race to quantum supremacy is on. While this future will not come tomorrow, big tech companies are building to the technology's "ChatGPT moment."

CADENCE DESIGN SYS INC (NASDAQ:CDNS) shows strong growth fundamentals and a bullish technical setup, making it a stock to watch. Review the latest reports for deeper insights.

Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions. While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.

Nvidia plans to sell semicustom AI systems that use central processing units and AI chips from competitors. Nvidia stock is near a buy point.

Wall Street’s bearish price targets for the stocks in this article signal serious concerns. Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.

CADENCE DESIGN SYS INC (NASDAQ:CDNS) is a high-quality stock with strong revenue growth, exceptional ROIC, and solid financial health, making it a candidate for long-term investors.

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the design software industry, including Cadence (NASDAQ:CDNS) and its peers.

Let’s dig into the relative performance of Procore (NYSE:PCOR) and its peers as we unravel the now-completed Q1 design software earnings season.

Semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 23.1% year on year to $1.24 billion. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $5.19 billion at the midpoint. Its non-GAAP profit of $1.57 per share was 4.9% above analysts’ consensus estimates.

Cadence unveils its new Millennium M2000 Supercomputer featuring Nvidia Blackwell systems, delivering AI-accelerated simulation for engineering and drug design.