Credo Technology Group

CRDO

Market cap $29.6B

Credo Technology Group (CRDO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Credo Technology Group shares are soaring the last few weeks. The market finally sees the company's optical pivot. Despite the run-up, I think CRDO will continue to run in 2026.

SAN JOSE, Calif.--(BUSINESS WIRE)-- #WeConnect--Credo released its Fiscal Year (FY) 2025 Greenhouse Gas (GHG) Report, detailing its FY2025 operational emissions inventory.

Credo Technology Group (CRDO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Credo is making a big move into silicon photonics. Management sees over $500 million in optical revenue in fiscal 2027.

Credo Technology Group Holding Ltd (CRDO) DustPhotonics Ltd - M&A Call Transcript

Bringing silicon photonics technology in-house will improve supply chain and cost structure, one analyst said.

The shares of Credo Technology Group Holding Ltd  (NASDAQ:CRDO)  are 12.5% higher to trade at $151.12 at last check, after the semiconductor company announced it will acquire optical transceiver technology name DustPhotonics.

CRDO's $750M DustPhotonics deal boosts silicon photonics capabilities, aiming to reshape AI data center connectivity and drive growth through 2027.

Credo Technology stock soared on news that it is acquiring DustPhotonics to diversify its product portfolio for high-speed connectivity in data centers.