Cadence Design Systems Inc vs Nasdaq100 ETF — how do they compare? Cadence Design Systems Inc trades at $326.4 (market cap $90.20B), while Nasdaq100 ETF trades at $723.36. The key difference: Nasdaq100 ETF is trading nearer its 52-week high, Cadence Design Systems Inc nearer its low. Which is the better fit depends on your goals.
| CDNS | QQQ | |
|---|---|---|
Market Cap | $90.20B | — |
Sector | Technology | — |
52-Week High | $416.39 | $746.16 |
52-Week Low | $265.66 | $558.34 |
Enterprise Value | $91.41B | — |
Trailing returns across standard periods
Latest headlines on both assets
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Read more on CDNS →The ETF is designed to track the performance of the securities and the stocks in the NASDAQ-100 Index. To maintain the composition and weightings, the advisor adjusts the ETF from time to time to conform to periodic changes in the index target.
Read more on QQQ →