Cadence shares fall amid semiconductor-sector selloff

On Oct. 13, CDNS fell 3.5% intraday as semiconductor and EDA shares sold off; the article linked sector pressure to China’s ChangXin Memory Technologies unveiling AI-data-center chip designs and cited valuation and caution ahead of Cadence’s Oct. 26 results. It reported CDNS at $336.39 versus a $342.68 open.