AMAT vs CDNS: AI Stock Comparison

• “Global trade issues and changes in and uncertainties with respect to trade policies and export regulations, including import and export license requirements, trade sanctions, tariffs and…” — 10-K risk factor (filed 2025-12-12) · source
• “Supply chain disruptions, manufacturing interruptions or delays, or the failure to accurately forecast customer demand, could affect our ability to meet customer demand, lead to higher…” — 10-K risk factor (filed 2025-12-12) · source

• “We are subject to governmental export and import controls that subject us to liability and impair our ability to compete in global markets as well as a variety of other laws and regulations.” — 10-K risk factor (filed 2026-02-19) · source
• “We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be…” — 10-K risk factor (filed 2026-02-19) · source

Applied Materials sells deposition, etch and other tools used to build leading-edge logic, DRAM and HBM. AI chip demand drives foundry and memory capex, its key end market; export rules on China are a recurring risk.

Cadence software is used to design AI accelerators and the systems around them. More custom AI silicon means more design starts, and Cadence is also building AI into its own design tools.