Tech stocks surged after a key inflation report revealed a 3.0% year-over-year increase, slightly below analysts’ expectations of 3.1%. This news suggests easing price pressures and potential interest rate cuts by the Federal Reserve. Among impacted stocks, Cadence Design Systems (CDNS) saw a notable move, indicating the market’s consideration of the news. CDNS shares are up 16% year-to-date, trading near its 52-week high. The stock previously dropped due to trade war fears following President Trump’s tariff threats against China. Investors can find opportunities in market fluctuations, with tech companies benefiting from lower interest rates.

Read more at Barchart: Cadence Design Systems and 8×8 Stocks Trade Up, What You Need To Know