Cadence Design Systems Stock News

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced that its Tensilica IP Group and Analog Devices, Inc. (ADI) worked together to develop the latest generation of SHARC® automotive audio processors, further strengthening ADI's industry-leading position in premium in-vehicle audio solutions. The joint effort brings Cadence's highly optimized Tensilica...

Adobe tops a list of software companies ranked by cash generation, while sector heavyweights Microsoft and Oracle are at the bottom.

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CDNS #AIforDesign--Cadence (Nasdaq: CDNS) today announced that its PHY and controller IP for the PCI Express® (PCIe®) 6.0 specification, implemented in the TSMC N3 process, achieved first-pass success at the recent PCI-SIG® compliance workshop held in late July. The workshop marked the industry's first official event for PCIe 6.0 specification compliance t...

NEW YORK--(BUSINESS WIRE)--Cadence, the clinical AI company automating the treatment of chronic disease, today announced its HypertensionOS software has been selected by the U.S. Food and Drug Administration as the second participant in the Technology-Enabled Meaningful Patient Outcomes (TEMPO) for Digital Health Devices Pilot. HypertensionOS is prescription software as a medical device (“SaMD”...

Of late, some air has come out of the semiconductor bubble, but that's been to the benefit of the Direxion Daily Semiconductor Bear 3X Shares (SOXS). Entering July 27, the leveraged bearish ETF boasted a one-month gain of nearly 58%.

Chip stocks rallied this week on a wave of strong tech earnings, and investors rewarded semiconductor ETFs with a rush of new cash. Three funds tracking the chip sector ranked among those pulling in the most new money, according to FactSet flow data.

Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for ​its AI-powered chip and system design software.