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

Apple's top hardware executive Johny Srouji said the company plans to use generative AI to accelerate custom chip design, calling it a major productivity boost and highlighting Apple's bold, no-backup transition to Apple Silicon.

Since December 2024, Cadence has been in a holding pattern, posting a small loss of 1.3% while floating around $297.30.

CADENCE DESIGN SYS INC (CDNS) shows strong growth fundamentals and a promising technical setup, making it a stock worth watching for investors seeking growth opportunities.

Interoperability achieved between Synopsys and Broadcom's PCIe solutions will reduce design risk and accelerate time to market for AI systems.

The company introduced a suite of AI-enhanced tools designed to run on NVIDIA’s advanced Grace Blackwell computing architecture.

Nvidia announced a flurry of alliances with European companies and governments that extend its influence in AI across the continent.

A company that generates cash isn’t automatically a winner. Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.

$24 billion of free cash flow in a single quarter is no small feat. If Nvidia can keep that pace, it may actually be trading at a reasonable price.

A truce is in jeopardy as the U.S. and China accuse the other of violating the deal.

Synopsys stops services in China due to US export restrictions. Products affected include semiconductor design software and chemicals.

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. 

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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.

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