Latest news with #AnirudhDevgan
Yahoo
28-05-2025
- Business
- Yahoo
$2M supercomputer powered by NVIDIA delivers 80X leap in chip and drug design
Cadence Design Systems has launched the Millennium M2000 Supercomputer, a powerful new platform built with NVIDIA's latest Blackwell architecture. Announced during CadenceLIVE Silicon Valley 2025, the system promises significant speed and energy efficiency gains for workloads across semiconductor design, life sciences, aerospace, and hyperscale computing. Designed for both cloud and on-premises deployment, the Millennium M2000 combines NVIDIA HGX B200 systems, RTX PRO 6000 Blackwell Server Edition GPUs, and Cadence's full stack of solvers. The system delivers up to 80X faster performance and 20X lower power usage compared to CPU-based predecessors. By co-optimizing software and hardware, the platform enables simulations that previously required hundreds of CPUs and days to now complete in under 24 hours. Anirudh Devgan, president and CEO of Cadence, described the system as a milestone for accelerated design. 'The Millennium M2000 Supercomputer will drive the next leap in AI-accelerated engineering by leveraging our massively scalable solvers, dedicated NVIDIA Blackwell-accelerated computing and AI to help designers continue to push the limits of what is possible,' he said. One key advantage of the M2000 is its ability to handle large-scale simulations in semiconductor and 3D-IC design. The system supports advanced analysis of power, thermal, stress, and electromagnetic properties in a single unified platform. According to Cadence, engineers can now complete chip-level power integrity simulations in a single day, compared to the two weeks needed with traditional CPU clusters. Cadence and NVIDIA engineering teams used the company's Palladium and Protium platforms during the development of Blackwell, helping validate chip designs with faster turnaround times. 'This is years in the making,' Devgan noted. 'It's a combination of advancement on the hardware and system side by NVIDIA — and then, of course, we have to rewrite our software to take advantage of that.' Beyond chips, the M2000 enables high-fidelity modeling of complex systems, including autonomous machines and digital twin environments. Designers can now run precision virtual wind tunnels and simulate system behavior at scale, using Cadence tools integrated with NVIDIA's Omniverse APIs. The result is faster development of AI-powered systems in sectors like aerospace and robotics. NVIDIA founder and CEO Jensen Huang highlighted the growing demand for such infrastructure. 'AI is going to infuse into every single aspect of everything we do. Every company will be run better because of AI, or they'll build better products because of AI,' he said. 'The work that we're doing together recognizes that there's a whole new type of factory that's necessary. We call them AI factories.' In life sciences, the M2000 supercomputer accelerates molecular design through Cadence's Orion platform, which now integrates NVIDIA BioNeMo NIM microservices and Llama Nemotron models. Pharmaceutical researchers can explore more design variations faster, helping reduce the time required to identify viable drug candidates. Cadence said simulations that previously took days using massive CPU clusters can now be completed overnight. Using the Fidelity CFD Platform and GB200 Grace Blackwell Superchips, the company demonstrated complex fluid dynamics simulations running in under 24 hours. The Millennium M2000 is expected to cost around $2 million in its standard configuration, which includes approximately 32 NVIDIA Blackwell GPUs. It is available both via the cloud and as a standalone appliance. Early adopters include MediaTek, Boom Supersonic, Ascendance, Treeline Biosciences, and Supermicro. NVIDIA also announced plans to acquire 10 Millennium systems to accelerate its own chip design workflows. 'This is a big deal for us,' Huang said. 'We started building our data center to get ready for it.'
Yahoo
15-05-2025
- Business
- Yahoo
Reflecting On Design Software Stocks' Q1 Earnings: Cadence (NASDAQ:CDNS)
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the design software industry, including Cadence (NASDAQ:CDNS) and its peers. The demand for rich, interactive 2D, 3D, VR and AR experiences is growing, and while the ubiquitous metaverse might still be more of a buzzword than a real thing, what is real is the demand for the tools to create these experiences, whether they are games, 3D tours or interactive movies. The 5 design software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 2.6% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 4.8% on average since the latest earnings results. With the name chosen to reflect the idea of a repeating pattern or rhythm in electronic design, Cadence Design Systems (NASDAQ:CDNS) offers a software-as-a-service platform for semiconductor engineering and design. Cadence reported revenues of $1.24 billion, up 23.1% year on year. This print was in line with analysts' expectations, and overall, it was a satisfactory quarter for the company with a solid beat of analysts' EBITDA estimates but a slight miss of analysts' billings estimates. 'Cadence delivered excellent results for the first quarter of 2025 with robust ongoing customer demand for our innovative technologies driving 23% revenue growth and 34% non-GAAP EPS growth year-over-year,' said Anirudh Devgan, president and chief executive officer. Cadence pulled off the fastest revenue growth but had the weakest performance against analyst estimates of the whole group. Unsurprisingly, the stock is up 12.1% since reporting and currently trades at $320.36. Is now the time to buy Cadence? Access our full analysis of the earnings results here, it's free. Used to manage the multi-year expansion of the Panama Canal that began in 2007, Procore (NYSE:PCOR) offers a software-as-service project, finance, and quality management platform for the construction industry. Procore reported revenues of $310.6 million, up 15.3% year on year, outperforming analysts' expectations by 2.6%. The business had a strong quarter with accelerating customer growth and a solid beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 9.2% since reporting. It currently trades at $69.01. Is now the time to buy Procore? Access our full analysis of the earnings results here, it's free. One of the most well-known Silicon Valley software companies around, Adobe (NASDAQ:ADBE) is a leading provider of software as service in the digital design and document management space. Adobe reported revenues of $5.71 billion, up 10.3% year on year, exceeding analysts' expectations by 1%. Still, it was a mixed quarter as it posted EPS guidance for next quarter in line with analysts' expectations. Adobe delivered the weakest full-year guidance update in the group. As expected, the stock is down 9% since the results and currently trades at $399.07. Read our full analysis of Adobe's results here. Started as a game studio by three friends in a Copenhagen apartment, Unity (NYSE:U) is a software as a service platform that makes it easier to develop and monetize new games and other visual digital experiences. Unity reported revenues of $435 million, down 5.5% year on year. This result surpassed analysts' expectations by 4.4%. Zooming out, it was a mixed quarter as it also produced an impressive beat of analysts' billings estimates but revenue guidance for next quarter slightly missing analysts' expectations. Unity had the slowest revenue growth among its peers. The stock is up 1% since reporting and currently trades at $21.55. Read our full, actionable report on Unity here, it's free. Used to design the Airbus A380 and Boeing 787 Dreamliner commercial airplanes, PTC's (NASDAQ:PTC) software-as-service platform helps engineers and designers create and test products before manufacturing. PTC reported revenues of $636.4 million, up 5.5% year on year. This print beat analysts' expectations by 5%. More broadly, it was a mixed quarter as it also recorded a solid beat of analysts' EBITDA estimates but EPS guidance for next quarter missing analysts' expectations significantly. PTC delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is up 10.8% since reporting and currently trades at $171.44. Read our full, actionable report on PTC here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
CNBC
15-05-2025
- Business
- CNBC
Cadence Design Systems CEO Anirudh Devgan goes one-on-one with Jim Cramer
Cadence Design Systems CEO Anirudh Devgan goes one-on-one with Jim Cramer Cadence Design Systems President and CEO Anirudh Devgan joins 'Mad Money' host Jim Cramer to talk quarterly results, recent stock moves, its full year outlook, and more.
Yahoo
14-05-2025
- Business
- Yahoo
Cadence Design Systems raises outlook after strong Q1
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Cadence Design Systems has raised its earnings outlook for the year, betting on continued momentum following a better-than-expected first quarter amid trade uncertainty. The chip design software company revised its full-year revenue outlook to a range of $5.15 billion to $5.23 billion, an estimated increase of $10 million from a few months ago. Even as tariff talks escalated and pressured customers, executives said on an April 28 earnings call that demand for the company's products and services has been resilient. Cadence generated Q1 revenue of $1.24 billion, a 23% increase year over year. Despite broader economic uncertainty, companies are continuing to invest in research and development for their next-generation technology designs, fueled by artificial intelligence and data center build-outs. Supporting this effort is Cadence, one of the major U.S. providers of software, services and hardware for designing products like microchips, planes, automobiles and digital systems. The company's quarter-end backlog totaled $6.4 billion, according to its earnings report. Notably, the company saw a 40% YoY increase from its semiconductor IP segment, which benefited from AI and foundry ecosystem buildout, according to the report. Meanwhile, its core electronic design automation segment grew 16% YoY, driven by momentum for Cadence's chip design automation tool, the Cerebrus Intelligent Chip Explorer. The company posted net income of $273.6 million in Q1, up 10.4% YoY. While tariffs have rattled markets and spurred companies to reevaluate their operations, Cadence has been largely immune because software and services are not subject to tariffs, according to President and CEO Anirudh Devgan. The company's supply chain is diversified enough that Devgan said he doesn't believe tariffs will have an effect even as the hardware business is exposed. 'On the other hand, we continue to monitor the situation,' Devgan said on the call. 'It is a dynamic situation. But I feel that we are more resilient…and we feel that we have enough confidence and visibility to raise our outlook for 2025.' In addition to stronger full-year revenue, Cadence revised its outlook to include an operating margin as high as 31.25%. It also expects earnings to be as high as $4.31 per share. As AI evolves and reshapes chip and system development, Devgan said on the call that Cadence's portfolio is well positioned for future growth. 'I'm pleased with our Q1 results and the continued momentum of our business,' Devgan said. 'The growing complexity of chip and system design, coupled with the transformative potential of AI-driven automation, creates significant opportunities for our products to enable and empower our customers.' Cadence is collaborating with a host of partners on technology advancements, including with Nvidia on its Grace Blackwell chip. It also officially joined the Intel Foundry Accelerator Design Services Alliance, which Degan said will help foundry customers remain at the forefront of innovation. Recommended Reading Chip design software maker Cadence revenue skyrockets with AI demand Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Why Cadence Design Systems Rallied 17.1% in April
Cadence beat earnings expectations and upped its full-year guidance. The report quelled fears over the effect of tariffs, which had caused the stock decline through the first quarter. Cadence looks like it will be a steady double-digit grower in the AI era. 10 stocks we like better than Cadence Design Systems › Shares of semiconductor software design firm Cadence Design Systems (NASDAQ: CDNS) rallied 17.1%, according to data from S&P Global Market Intelligence. Cadence makes the electronic design automation software that chipmakers use to design chips. In addition, Cadence also has two other smaller but very high-growth segments in chip IP blocks, which chip designers can easily incorporate into their own designs, as well as overall system design and analysis software. While there was a lot of concern for tech stocks and specifically semiconductor stocks following April 2 "Liberation Day," Cadence reported strong Q1 earnings toward the end of the month and raised its full-year guidance. Moreover, management said it wasn't seeing any tariff-related change in customer behavior three weeks after April 2. In the first quarter, Cadence reported revenue growth of 23.1% to $1.24 billion, meeting expectations, and adjusted non-GAAP (adjusted) earnings per share grew 34.2% to $1.57, coming in ahead of expectations. However, perhaps more important was that Cadence actually increased its revenue guidance for the full year to 12% growth at the midpoint, and $6.78 in adjusted EPS at the midpoint. Coming off of April 2, many had feared the worst, especially for chip companies. However, CEO Anirudh Devgan noted Cadence hadn't noticed any change in its customers' behavior, saying: We haven't seen any shifts in customers' behavior at this time, as they continue investing in their next generation designs, recognizing that today's R&D efforts are critical to deliver their groundbreaking products of tomorrow. Additionally, our ratable software business model, strong Q1 exit backlog and a predominantly recurring revenue mix, provide resilience and excellent visibility. More and more companies are designing their own proprietary chips for various use cases to drive differentiation, whether it's the cloud providers or even new AI start-ups designing their own AI accelerators, or existing chip giants such as smartphone chipmaker Qualcomm trying to penetrate new verticals such as autos and PCs in order to diversify, for instance. Even though Cadence's customers operate in a cyclical industry, given that custom chipmaking is usually a major strategic goal and it can take years for new designs to come to fruition, the research and development behind custom chipmaking going to Cadence is unlikely to get cut, even in a bad economy. Given its lower-risk, double-digit growth outlook, it's no wonder Cadence now trades at over 45 times this year's adjusted earnings estimates. That's certainly not cheap, but it is perhaps a fitting valuation for a company that has delivered low to mid-teens growth and margin expansion every year for the past six years. In the age of AI, investors should probably expect great growth and margins for Cadence, and it should perform well over the long term. That being said, it may be hard for the stock to garner significant upside in the near-term, given its fairly full valuation. Before you buy stock in Cadence Design Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cadence Design Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,103!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $717,471!* Now, it's worth noting Stock Advisor's total average return is 909% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cadence Design Systems and Qualcomm. The Motley Fool has a disclosure policy. Why Cadence Design Systems Rallied 17.1% in April was originally published by The Motley Fool
