From StockStory: 2025-05-28 17:05:00

Shares of Cadence Design Systems fell 5.2% after the Trump administration instructed US companies to stop selling semiconductor design software to China. The company’s China revenue in 2024 was $573 million, over 12% of total revenue, making the restriction a potential negative impact on sales. The stock closed at $288.45, down 10.7% from previous close. The market sees the news as significant but not fundamentally changing its perception of the business. Cadence is down 0.6% YTD, trading 9.4% below its 52-week high. Investors who bought $1,000 of Cadence shares 5 years ago would now have $3,360.



Read more at StockStory: Why Cadence (CDNS) Stock Is Trading Lower Today