CRDO Stock Recent News

CRDO accelerates on AI data center tailwinds, with FY25 revenues up 126% and FY26 set to top $800 million.

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Data center connectivity solutions company Credo Technology (CRDO -0.86%) won attention from many stock market participants this week, thanks in no small part to an analyst flagging it as a top pick in the small and mid-cap categories.

CRDO's explosive revenue growth and expanding AI-focused product lines spark investor interest over MRVL.

Credo Technology Group Holding Ltd's energy-efficient SerDes and HiWire AEC cables are becoming the de facto connective layer of expanding AI data centers, offering hyperscalers faster upgrades and lower power draw. Merchant neutrality lets Credo attach to every major switch, DPU and accelerator roadmap, turning each new Ethernet speed bump—from 800 G to 1.6 T—into an automatic growth lever. Strong gross margins, embedded diagnostics software and a cash-rich balance sheet position Credo to fund next-gen 200 G/lane silicon while compounding earnings.

Credo Technology Group Holding Ltd. (CRDO) is looking like an interesting pick from a technical perspective, as the company reached a key level of support.

CRDO has already benefitted from the robust AI/data-center related spending trends, as observed in its top/bottom-line performances and the growing hyperscaler partnerships. These reasons may also be why the management has felt confident to offer excellent FY2026 guidance while doubling its capex plans on a YoY basis. With the AI boom already flowing into its richer balance sheet and analysts expecting accelerated networking demand growth, CRDO appears well-positioned to grow further.

Two AI data center plays and e-commerce giant MercadoLibre are among five stocks near buy points with the market still in a power trend.

CRDO guides FY26 revenues to exceed $800 million, fueled by AEC, retimer and optical business growth amid soaring AI data-center demand.

Does Credo Technology Group Holding Ltd. (CRDO) have what it takes to be a top stock pick for momentum investors?