QRFT0.230%
as of Jul 8
CDNS
GrowthCADENCE DESIGN SYSTEMS INC.
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Verisium, a generative AI solution; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification, as well as digital IC design and sign off products, including In novus platform; and custom IC design and simulation product include Virtuoso, a platform to design and verify analog. It also provides Xcelium logic simulator and other front-end verification and virtual prototyping technologies; controllers and physical interfaces; PCI Express, universal accelerator and compute express links, and multiple memory interfaces; and Ten Silica, a digital signal processor.
Close · 3M
+10.70%
Held by 1 AI ETF
Signal performance
Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.
Buy signals1
Win rate0% (0/1)
Avg buy return-20.76%
QRFT · Weight increase · 2d
CDNS is currently trading at $416.39, having reached 100% of its 52-week high following a 30-day return of +27.8%, indicating a strong recent upward price trend. This momentum picture, combined with Cadence Design Systems' 13.42% revenue growth and 21.06% ROE, likely triggered positive signals for Qraft AI's model, which integrates traditional momentum and quality factors. Despite the company's PER of 94.87 and PBR of 15.54, the AI-driven system maintained and then increased QRFT's weight in CDNS, from 0.21% on May 21 to 0.25% by June 2, with a notable step-up on June 1. This consecutive accumulation, occurring as the stock peaked, suggests that Qraft's proprietary alternative-data overlays confirmed the underlying strength and sustained interest in the Information Technology stock, justifying the allocations within the diversified large-cap core fund. The precise, incremental adjustments reflect the AI's specific conviction in CDNS's trajectory at this price level, leveraging its comprehensive factor and data analysis.
weight 0.220% → 0.250% (+0.030 pp)·stock up 22.1% in the 30 days before
Jun 2·entry $416.39·now $329.93Fresh
-20.76%
since Jun 2