CDNS
NASDAQ · Technology
Cadence Design Sys Inc
$389.04
+1.65 (+0.43%)
CDNS News11 articles
Intel Stock Retreats After Google AI Chip Report Sparks Rally
Intel shares slipped 2.1% to $107.92 on Tuesday, reversing some of Monday's 11.2% gain after a report of a Google AI-chip order. The unconfirmed deal could boost Intel's foundry business, but investors remain cautious amid a tech selloff.
Synopsys Stock Dips Despite Raised Guidance as IP Segment Weakens
Synopsys shares dropped 9.4% despite raising its annual outlook, as weaker Design IP revenue and deal-related costs offset AI optimism.
Synopsys Stock Climbs Ahead of Earnings Report and Holiday Week
Synopsys shares jumped 4.12% to $524.74, capping a 4.4% weekly gain ahead of its May 27 earnings report and the Memorial Day market closure. The company faces China export restrictions and pressure in its IP segment.
Synopsys Stock Slides Amid Tech Rout; Earnings Report on May 27 in Focus
Synopsys shares dropped 2.72% for the week amid a tech selloff and Coatue Management's 54% stake cut. The company reports fiscal Q2 results on May 27.
AI Stocks Slide on OpenAI Jitters Ahead of Tech Earnings
AI stocks fell Tuesday after an OpenAI report on missed targets triggered declines in Oracle, CoreWeave, and chipmakers, ahead of earnings from major tech firms.
Cadence Stock Rebounds on TSMC AI Chip Partnership Ahead of Q1 Earnings
Cadence shares bounced back 5.2% Friday after deepening its AI chip design partnership with TSMC. The company reports Q1 earnings Monday, with analysts eyeing $1.453B revenue.
Synopsys Deepens TSMC Alliance for AI Chip Design Tools
Synopsys announced expanded collaboration with TSMC on advanced chipmaking and packaging for AI, unveiling new design tools for 3nm, 2nm, A16, and A14 nodes. Shares rose to $483.00.
Nvidia, Cadence Partner to Accelerate AI Robotics Development
Nvidia and Cadence Design Systems are partnering to integrate Cadence's physics engines with Nvidia's AI models to train robots in simulated environments. The move expands Nvidia's focus beyond data centers into robotics and agentic AI.
Synopsys Shares Tumble Amid Tech Selloff, Erasing Elliott-Led Gains
Synopsys shares declined 5.4% to $380.47 on Friday, underperforming rival Cadence as a market selloff hit software stocks. The drop wiped out earlier gains spurred by Elliott Investment Management's multibillion-dollar stake.
Synopsys Faces Investor Scrutiny After Downgrade, Key Event Ahead
Synopsys shares declined following a Morgan Stanley downgrade and price target cut. Investors await the company's Converge event on March 11 for strategic updates.
AI Sector Sees Divergence: Datadog Soars on Earnings, Alphabet Issues Debt for Infrastructure
Datadog shares surged over 14% after strong quarterly results driven by AI demand, while Alphabet sold $20 billion in bonds to fund AI infrastructure spending. Cisco and Cadence gained on new chip developments.