Cadence Design Systems (CDNS) closed at $311.53 in the latest trading session, marking a +0.77% move from the prior day.
Zacks.com users have recently been watching Cadence (CDNS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Last month, my AI-powered stock-picking system, MarketMaster AI, awarded Nvidia (NASDAQ:NVDA) a C-rated “hold” grade. Analysts were still raising their earnings estimates for the chipmaker, which was enough to offset the bearish pressure of high valuations. The result was a relatively muted outlook. However, my AI-powered stock-picking system downgraded Nvidia to a “D” this month, the equivalent of a “sell.” An unexpectedly strong first-quarter earnings season means shares of the company have no