Cadence Surges 2.34 as $490M Volume Climbs to 216th Market Rank Amid AI-Driven EDA Strategic Shift

. 15, 2025, , ranking 216th in market activity. The stock's performance reflects renewed institutional interest in semiconductor design tools following recent sector-wide earnings upgrades. Analysts noted that the volume surge suggests position rebuilding after a multi-quarter underperformance against peers in the tech space.

Recent filings revealed a strategic shift in R&D priorities toward AI-optimized EDA solutions, . , .

Short-term technical indicators show the stock has broken above its 50-day moving average while maintaining above-average relative strength compared to the S&P 500 Information Technology sector. , indicating defensive positioning by institutional investors despite the recent rally.

To set up a rigorous back-test for this “Top-500-by-volume” strategy I’ll need a few additional details: 1. Trading universe • Do we screen the entire U.S. stock market (all listed tickers) or a narrower list (e.g., only Russell 3000 constituents)? 2. Volume definition • Top 500 by share volume or by dollar volume? 3. Execution price • Enter at next day’s open and exit at that day’s close (standard intraday hold), or a different convention? 4. Weighting scheme • Equal-weight each of the 500 names, or weight by volume / market-cap? Once these points are settled I’ll generate the data-retrieval plan and run the back-test.