Credo Technology Group Stock News

From a closing share price just over $40 on November 11, to Friday's close just a nickel short of $76, Credo Technology (Nasdaq: CRDO) stock has been on an absolute tear this past month, gaining roughly 90% in just over 30 days.

Credo Tech is poised to benefit from a multi-year scale-out in custom data center infrastructure markets, driven by AI workloads and hyperscaler demand for efficiency. Broadcom's strong AI revenue growth and industry insights highlight a significant CAGR for custom networking solutions, benefiting companies like Credo. Credo's revenue and gross margins are accelerating, with management optimist...

Nvidia stock continues to float near its buy zone as Disney sets up. But Credo Technology is the real star of this breakout show.

Shares of data center cable company Credo Technology (CRDO 45.40%) rocketed on Tuesday, with shares up 47.3% as of 1:11 p.m. ET.

Shares of Credo Technology Group Holding (CRDO) soared 40% to an all-time high Tuesday, a day after the provider of high-speed connectivity solutions for data centers posted better-than-expected results and guidance on strong demand for products that support artificial intelligence (AI).

US equity majors fell slightly on Tuesday after the S&P 500 and the Nasdaq hit record highs in the previous session.  Investors will be focusing on key US labour data, scheduled to be released later this week, and also monitoring comments from the Federal Reserve officials.

I reiterate a “Buy” rating on Credo Technology Group Holding with a one-year price target of $75 per share, driven by strong revenue growth and market leadership. Credo Technology reported a 63.6% year-over-year revenue growth, exceeding expectations, and anticipates 126% growth in Q3, driven by AI and data center demands. The company's innovative AEC products and strong market position in Ethe...

Credo Technology surged on strong fiscal Q2 earnings and booming guidance as it hailed an AI "inflection point" and new cloud customers. The post Credo Stock Surges On Earnings, Blowout Guidance Amid AI 'Inflection Point' appeared first on Investor's Business Daily.