Cadence Design Systems Stock News

Shares of electronic design automation company Cadence Design Systems (CDNS -10.44%) dropped late Wednesday, finishing the day down 10.4%.

Shares of semiconductor software design companies Cadence and Synopsys were falling hard on the news.

President Donald Trump's administration has ordered U.S. firms that offer software used to design semiconductors to stop selling their services to Chinese groups, the Financial Times reported on Wednesday, citing several people familiar with the move.

Cadence and Synopsys saw their shares move lower on a Financial Times report saying a division of the U.S. Commerce Department told them to stop selling to organizations in China.

US stocks have been in a sharp uptrend ever since President Trump announced a 90-day truce with China that significantly trims reciprocal tariffs the two nations had imposed on each other's items. The rally has even pushed a handful of the American tech stocks into the ‘overbought' territory.

Joining Microsoft and ServiceNow on the IBD Long-Term Leaders list, Cadence Design Systems taps AI and Nvidia tech to target a breakout.

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Cadence Design Systems, Inc. (NASDAQ:CDNS ) 20th Annual Needham Technology, Media, & Consumer Conference May 12, 2025 1:30 PM ET Company Participants Nimish Modi - Senior Vice President & General Manager, Strategy and New Ventures Richard Gu - Vice President of Investor Relations Conference Call Participants Charles Shi - Needham & Co Charles Shi Hi, everyone. Welcome to join us at the 20th Ann...