Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 5% in the afternoon session after the U.S. government lifted export restrictions on certain chip design software to China. The move signaled a de-escalation in a trade dispute that had previously required U.S. firms to obtain licenses for selling specific electronic design automation (EDA) tools in China. Cadence, a major player in the EDA software market, confirmed it was restoring access for its Chinese customers. This development is significant as it reopens a critical market for the company. Analysts anticipated that renewed access to the Chinese market could lead to a notable revenue increase for EDA firms like Cadence. The easing of these trade tensions provides a clearer outlook for the company's sales in the region, which had been clouded by the restrictions imposed in May.
Shares of chip design firms Cadence Design Systems Inc (NASDAQ:CDNS) and Synopsys Inc (NASDAQ:SNPS) are rising Thursday after the U.S. Department of Commerce rescinded China export restrictions.
Today's jobs report will prompt more urgent calls for the Federal Reserve to cut interest rates if the unemployment rate rises and payroll growth undershoots.
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.
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.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
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.
