From Yahoo Finance: 2025-05-29 05:46:00

Cadence Design Systems, Inc. (NASDAQ:CDNS) saw a 10.67 percent drop in share prices on Wednesday, closing at $288.61 per share. Reports of a US government order for Cadence to halt software sales to China caused investor concern.

The Commerce Department reportedly directed Cadence, Synopsis, and Siemens EDA to cease sales to China. Synopsis denied receiving any such directive from the government. China was the fourth-largest market for Cadence, accounting for 11% of its revenue in Q1.

If the reports are accurate, this directive could have a significant impact on Cadence’s profits and margins in the future. Despite ranking 6th on the list of worst-performing stocks, some believe there are AI stocks with greater potential for returns and less downside risk. Check out our report on the cheapest AI stock with 10,000x upside potential.



Read more at Yahoo Finance: Why Cadence Design Systems, Inc. (CDNS) Went Down On Wednesday