Cadence Design Systems shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 guidance above estimates. Also, the company issued Q3 EPS guidance above estimates.

Cadence And TSMC Expand Partnership For Advanced AI Chip Design And 3D-IC Technologies

Expanded partnership spans TSMC A14 certification, silicon-proven IP on TSMC N3P/N2P, wafer-scale 3D-IC for hundreds of chiplets, and agentic AI flowsCadence (NASDAQ:CDNS) today announced an expanded partnership with

Shares of software companies are trading higher amid overall market strength and easing inflation concerns as investors return to AI-related companies. Investors may be taking confidence in Accenture's five-year partnership with Anthropic to embed evaluators to alongside AI development teams.

Shares of software companies are trading lower after August's hotter-than-expected payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting. A stronger U.S. dollar and higher rate expectations are weighing on growth stocks by reducing investor appetite for higher-risk assets.

Oil Surges, Treasury Yields Climb a Fifth Day, Software Retreats: Stock Market Today

The 10-year Treasury yield hit a 19-month high and crude jumped above $88 as traders lifted Fed rate-hike odds to 68%, cracking high-multiple software stocks.