Tag: $Cadence Design Systems

Artificial-intelligenc chip design company Cadence Design Systems CDNS +1.79% posted profit and revenue well above expectations.

 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.

Cadence Design Systems (CDNS) beat quarterly revenue estimates on Tuesday, as strong demand for complex artificial intelligence processors lifted sales of its chip design software.