$CRDO

Credo Technology Group Holding (CRDO) said it plans to standardize a lightweight interconnect within the Open Compute Project to address the AI “memory wall.” Credo will contribute its OmniConnect lightweight AXI framer specification to the OCP Open Chiplet Economy LSI workstream, aiming to reduce reliance on HBM by enabling composable AI architectures, citing up to 25x higher memory density and 5% higher bandwidth than HBM4.

Credo Technology Group Holding (CRDO) showcased AI-focused interconnect products at the 2026 Future of Memory and Storage conference, highlighting OmniConnect Weaver and a Toucan PCIe 6.0-capable retimer for high-speed memory and chip-to-chip links. The article cites analyst forecasts for 2029 revenue of $4.8B and earnings of $1.9B, with an alternative view of $4.3B revenue and $1.8B earnings.

Simply Wall St says Credo Technology Group Holding (CRDO) drew renewed attention at FMS 2026, highlighting its OmniConnect Weaver AI memory interconnect and Toucan PCIe 6.0 retimer, with two Best of Show award nominations. The article cites CRDO shares at $265.99, with 90-day return of 54.49% and 1-year total shareholder return of 126.70%. It also notes a “fair value” narrative at $130.00.

A July U.S. CPI report matched expectations, with headline CPI up 0.1% m/m and 3.4% y/y, and core CPI up 0.2% m/m and 2.5% y/y, according to the report cited. The dollar rose broadly and Treasury yields ended mixed. U.S. stocks were mixed, while AI/data-center shares gained, including Nebius (+34.14%) after Q2 revenue of $582.3M.

US stock indices closed mixed as investors digested the July CPI report, with the Dow down 0.04% and the Nasdaq 100 up 0.74%. The Russell 2000 hit a record close. Nebius Group (NBIS) shares rose about 34% after its Q2 results, including $582.3M revenue and $3B ARR. Cisco (CSCO) beat EPS and revenue but guided lower EPS.

Investing.com reports NVIDIA is mobilizing over $500 billion in third-party capital with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to finance AI data centers. BofA says NVIDIA’s prior vendor-financing exposure was about 15% of projected 2026-27 FCF and cites $320 and $315 price targets. CoreWeave and Nebius are cited as near-term beneficiaries.

Credo Technology (CRDO) shares rose 8.5% on Friday and 20.7% over the week, closing at $249.89. The weekly gain of $42.90 exceeded the gap to Wall Street’s average $290.14 12-month target. Management’s FY2027 Q1 revenue guidance midpoint implies 7.6% sequential growth, with gross margin near 68%.

Credo Technology Group Holding (CRDO) shares rose over 10% in extended trading after the company announced it will acquire DustPhotonics. Credo will pay $750 million cash upfront plus nearly 1 million CRDO shares, with possible contingent consideration up to about 3.21 million shares. The deal targets fiscal 2027 EPS accretion, close in Q2 2026, and expects optical revenue above $500 million.

The article says the FCC is drafting a rule to ban new Chinese optical transceivers, citing China’s 50%+ share of global supply. It highlights five US-listed optics/interconnect stocks that could benefit, including AAOI (Q1 FY26 revenue $151.14M, +51.4%), COHR (Q3 FY26 revenue $1.81B, +20.5%), and LITE (Q3 FY26 revenue $808.4M, +90.1%).

Amazon’s AWS CEO Matt Garman said AWS capacity is “spoken for” through 2027 and into 2028, with demand exceeding supply. Amazon reported Q2 2026 AWS revenue of $42.232B, up 37% YoY, and operating margin of 39.4%, with capex of $54.208B. UBS expects AWS growth to accelerate to 48% next year. Suppliers Marvell, Astera Labs, and Credo raised outlooks.