The stock market grew on Monday as investors were hopeful about a potential resolution between the U.S. and Iran. President Donald Trump said Iran was willing to negotiate after he warned of a blockade on ships in the Strait of Hormuz.
Overall, S&P 500 was up 1.0% to 6,886, while NASDAQ rose 1.2% to 23,184.
Tweet of the Day
This Looks Like a Good Time to Buy Uniform Cleaning Company Cintas $CTAS | https://t.co/E9TA5QPqrk
— SchoolofHardStocks (@SchoolHardStock) April 12, 2026
Chart of the Day
Here is the ten-year chart of Cadence Design Systems (CDNS) as of March 18, 2026, when the stock was at $290.
Last quarter, Cadence Design Systems saw strong demand as AI pushed customers to spend more and use more of its tools. This showed up in very strong bookings, which helped grow backlog from $6.4 billion to $7.8 billion the past four quarters, giving the company strong future visibility. Note Cadence Design Systems did $5.3 billion in revenue in 2025.
The company also introduced ChipStack, a new AI tool that automates parts of chip design like writing code, testing, and debugging. It works like a “virtual engineer” that uses its existing tools to speed up workflows, with early results showing up to 10x productivity improvements.
With this growing backlog and new AI tools, Cadence Design Systems is set to see even higher usage as customers run more designs, rely more on automation, and increase spending across its platform.
CDNS is part of the Growth Portfolio.
