www.ebc.com
2026-06-08
Cadence Design Systems (CDNS) stock dropped 8.62% on June 5, 2026, significantly outperforming the Nasdaq's 4.18% decline, sparking concerns over the safety of AI chip design software as a growth play. Despite a record $8.0 billion backlog and 17% revenue growth guidance, the sharp sell-off was driv