Cadence Design Systems, Inc. (CDNS)'s Numbers Show NVIDIA Is In Great Shape In China, Says Jim Cramer

We recently published 13 Stocks That Jim Cramer Recently Talked About. Cadence Design Systems, Inc. (NASDAQ:CDNS) is one of the stocks Jim Cramer recently discussed.

Cadence Design Systems, Inc. (NASDAQ:CDNS) is an American software company that provides products to enable chip designers to develop their products. It is one of the most crucial firms in the semiconductor supply chain due to few competitors worldwide. Cadence Design Systems, Inc. (NASDAQ:CDNS)’s shares have gained 24.7% year-to-date as the firm benefited in July from raising its full-year revenue outlook to $5.21 billion to $5.27 billion from an earlier $5.15 billion to $5.23 billion. For his part, Cramer discussed the firm’s partnership with NVIDIA:

“By the way, Cadence, that is, when people look at Cadence, the number one partner is NVIDIA. Now NVIDIA also has the story out there, but not confirmed by me, that there’s, the H20 orders from China are huge. There had been some talk that maybe they wouldn’t be. Cadence is a fantastic company. And I think that that was the sign that NVIDIA is in great shape in China. NVIDIA’s doing so well, what are you going to do? It just keeps, it’s just relentless.”

Cramer also commented later in Mad Money on Cadence Design Systems, Inc. (NASDAQ:CDNS)’s earnings:

“Not even the incredible earnings news from Cadence Design Systems, also a fave of the show, and Celestica could help things. Cadence, a good partner of NVIDIA, blew away the numbers with a tremendous quarter. But who cares? I mean, we knew their business was great. Same with Celestica, which, along with Sanmina and FLEX LNG, belong in an elite camp of contract manufacturers devoted largely to tech. They have more than their fair share of orders. It’s a great time to be in that line of work, as we know, when we had FLEX on recently, after their amazing quarter.”

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Disclosure: None. This article is originally published at Insider Monkey.