Cadence Design Systems Tops S&P 500 After Strong Third Quarter
Cadence(CDNS) Investopedia·2024-10-30 06:21
Key TakeawaysShares of electronic design automation firm Cadence Design Systems led the S&P 500 Tuesday following a strong earnings report.The company cited demand for AI-related products, with revenue from its Cadence.AI portfolio tripling year-over-year.Cadence sales skyrocketed in its intellectual property and system design and analysis businesses. Shares of Cadence Design Systems (CDNS) shares climbed more than 12% on Tuesday to notch the top daily performance of any S&P 500 stock after the electronic d ...