The stock market went down on Tuesday, kicking off a poor month historically for equities. Last Friday, a federal appeals court ruled most of President Donald Trump’s global tariffs are unconstitutional. The U.S. Court of Appeals for the Federal Circuit determined that only Congress has the right to apply sweeping levies.
President Trump vowed to appeal to the Supreme Court as he called the decision “highly partisan”.
Overall, S&P 500 fell 0.7% to 6,416, while NASDAQ dropped 0.8% to 21,280.
Chart of the Day
Here is the one-year chart of Cadence Design Systems (CDNS) as of July 28, 2025, when the stock was at $357.
Cadence Design Systems stock broke out as demand for AI technologies continues to grow. The company reported profit growth of 29% last quarter and beat estimates of 23%. After the company reported its earnings, the stock jumped from $334 to $366 a day after.
Management said bookings were stronger than expected and customer R&D investments remained robust.
Last quarter, Cadence Design Systems launched Cadence Cerebrus AI Studio, the industry’s first agentic AI, multi-block and multi-user SoC design platform. This technology delivers up to 20% PPA improvement while accelerating chip delivery time by 5x to 10x, which was also endorsed by Samsung and STMicroelectronics at launch.
Management stated the AI-driven era presents tremendous opportunity, while accelerated computing and GenAI uniquely positions Cadence Design Systems to deliver breakthrough solutions across a wide range of markets.
CDNS is part of our Growth Portfolio.
