We recently published Jim Cramer Discusses These 12 Stocks & Says Trump’s Winning. Cadence Design Systems, Inc. (NASDAQ:CDNS) is one of the stocks Jim Cramer recently discussed.
Cadence Design Systems, Inc. (NASDAQ:CDNS) is one of the most important companies in the semiconductor industry. It is one of the few firms in the world that offers electronic design automation (EDA) software that enables chip designers like NVIDIA, Intel, and AMD to design their products. Cadence Design Systems, Inc. (NASDAQ:CDNS) scored a win earlier after it was revealed that the Trump administration had rescinded restrictions that required the firm to secure an export license to sell products to China. Cramer commented on the development and the firm’s relationship with NVIDIA:
“And the NVIDIA came up! I mean one of the. . look at the NVIDIA comeback. I mean without China which was Jensen Huang had said could be a fifty billion dollar opportunity with a 4.5 billion dollar write-off. They managed to get to an all-time high! A lot of people felt that NVIDIA was done. When the stock touched a hundred. What a comeback. Now some of that is because of sovereign that the President went and developed new markets for them. I do think we’re not paying enough attention to the Cadence. . .deals, where the President has green lit. They are the two best partners of NVIDIA. And I keep thinking of what Jensen Huang said on Mad Money which was that I trust the President. He trusts the process. And the process would be having Cadence. . .in there because those are one or two of the most important players that then you have NVIDIA, you tend to have Cadence. . . So it. would be natural if the government of China would say you know what, we’re going to get long term rare mineral deals not the short term deals in return for a different version of NVIDIA.”
An office of software engineers and designers collaborating on a digital project.
Cramer previously discussed Cadence Design Systems, Inc. (NASDAQ:CDNS) in February. Here is what he said:
“Finally, the eighth largest decline during the final three days of the last week was Cadence Design Systems. Wow, good company, software play that helps tech companies design semiconductors and electronics, including Nvidia. Cadence fell 14% during the three-day period. We were looking at it mostly on Wednesday after the current report, a solid quarter with conservative guidance. But the stock kept falling at the end of the week as more concerns about overbuilding for AI infrastructure emerged. Cadence is a, is fully a part of that theme.