Cadence (CDNS) stock jumps in premarket trading on beat-and-raise Q2 results driven by accelerating AI chip demand. Read more!

Cadence Design Systems, Inc (NASDAQ: CDNS) will release second quarter earnings on July 27. Analysts expect $2.06 EPS and $1.58B revenue. Stock fell 1.9% on Friday.

July 27 : Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.Shares of…