Credo Technology Group Holding Ltd Ordinary Shares
CRDO · Nasdaq
- $162.95
- $28.21B
- Open
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- $149.15 - $154.11
- $86.49 - $308.67
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- 10.69M
About Credo Technology Group Holding Ltd Ordinary Shares
Credo Technology sells high-speed connectivity and photonics solutions tied to AI infrastructure, including an expanding optical portfolio. Its products serve customers deploying AI connectivity systems, although the supplied evidence does not name specific customers or provide segment-level revenue contributions; it does flag customer concentration as a risk. The company reported FY2026 revenue of $0.4 billion and net income of $0.1 billion, rising to FY2027 revenue of $1.3 billion and net income of $0.5 billion. The available financials therefore show a rapidly scaling business, but not the relative contribution of individual product or customer segments.
Notable Price Movement
- Aug 3-7$249.8920.73%
CRDO rose $45.64, or 23.74%, from $192.28 to $237.92 over the supplied interval. The stock initially fell 7.7% to $177.45 on July 29, then reversed sharply, recovering to $201.08 on July 30 and extending gains through August 4. The main supported catalyst was renewed enthusiasm for AI connectivity and photonics demand, reinforced by Zacks adding CRDO to its Rank #1 (Strong Buy) growth-stocks list on July 30. A broader AI-investment backdrop may also have helped, with the iShares AI Innovation and Tech Active ETF recording a reported $331.9 million inflow. No earnings release, contract announcement or guidance change is supplied to explain the move.
