Cadence Design Systems Benefits From Product Innovations Driven by the AI Supercycle – Order Backlog Grows to $6.4 Billion in Q2!

Cadence benefits from its broad product portfolio due to the accelerated AI supercycle. Product innovations such as the AI-based design platform Cadence Cerebrus AI Studio, the new processor class Cadence Tensilica NeuroEdge 130, and the M2000 supercomputer are setting new standards. Resumed sales in China and settlement payments for illegal exports provide better predictability. An order backlog of $6.4 billion signals high demand. A strong Q2 and raised annual forecast are likely to lead to a breakout to a new all-time high. Cadence...