Credo Technology Group Holding Ltd
Credo Technology Group, which operates as Credo, designs, markets and sells connectivity products, software and intellectual property for data infrastructure. Its customers include hyperscalers, NeoClouds, cloud infrastructure providers, OEMs, ODMs, contract manufacturers, optical module makers, and enterprise and high-performance computing markets. Its portfolio includes ZeroFlap active electrical cables and optical transceivers, optical DSPs, OmniConnect memory connectivity, SerDes chiplets, PCIe retimers, microLED solutions and the PILOT software platform. Credo also licenses SerDes intellectual property. Credo earns money by selling products and software and licensing IP. It uses a fabless manufacturing model, relying on third parties to manufacture, assemble and test its products, and sells worldwide through its direct sales force. Founded in 2008, Credo has offices in North America and Asia. Its registered mailing address is in Grand Cayman, Cayman Islands.
Reads like this one publish minutes after the filing lands on EDGAR. Get them as JSON over the API or inside your AI agent over MCP.
Dell (DELL), Credo (CRDO), and Broadcom (AVGO) reported strong AI-related growth. Dell's AI backlog reached $95B, Credo's revenue rose 114.7%, and Broadcom's AI chip revenue doubled. Analysts project significant EPS growth for all three, with price targets of $500 (DELL), $200 (CRDO), and $400 (AVGO).
Credo Technology (CRDO) fell 14% as AI hardware stocks declined following Democratic midterm wins, raising concerns about data center buildout slowdowns. Oracle (ORCL) and Arista Networks (ANET) also dropped, despite strong AI demand. Credo's forward P/E hit a three-year low, with its next earnings report in December. Analysts expect revenue to nearly triple by fiscal 2028, but Texas data center moratoriums could impact growth.
Coherent (COHR) fell 16% despite a revenue beat, raised outlook, and a $20B optics deal. Revenue rose 50% to $2.37B, EPS up 80% to $2.09. Analysts expect 68% EPS growth by fiscal 2027. Ciena (CIEN) and Credo (CRDO) also dropped amid AI stock selloff tied to Democrats' midterm wins. Operating cash flow turned negative.
Over the past 7 days, AlphAI's AI scored 9 news stories mentioning CRDO (Credo Technology Group Holding Ltd). Coverage has skewed bearish: 3 bullish, 2 neutral, and 4 bearish.
Recent CRDO coverage spans market movers, earnings and technology.
In the last 30 days, CRDO insiders filed 54 SEC Form 4 transactions — no purchases and 54 sales ($18.6M). The most active reporter was Cheng Chi Fung, Chief Technology Officer, with 42 filings. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
No new catalyst; price target speculation does not affect short‑term trading.
Significant price decline driven by political risk perception for AI infrastructure.
Credo shares are hit by the same sector‑wide AI risk, with no fresh positive catalyst.
The new standards could increase demand for Credible's optical transceivers and strengthen its market position.
The political outcome creates immediate downside pressure on Credo as its core revenue depends on new data‑center builds.
AlphAI scores every news story that mentions CRDO with an AI model for sentiment and relevance, and aggregates insider trades from Credo Technology Group Holding Ltd's SEC EDGAR Form 4 filings. Figures refresh continuously.
Dell (DELL), Credo (CRDO), and Broadcom (AVGO) reported strong AI-related growth. Dell's AI backlog reached $95B, Credo's revenue rose 114.7%, and Broadcom's AI chip revenue doubled. Analysts project significant EPS growth for all three, with price targets of $500 (DELL), $200 (CRDO), and $400 (AVGO).
Credo Technology (CRDO) fell 14% as AI hardware stocks declined following Democratic midterm wins, raising concerns about data center buildout slowdowns. Oracle (ORCL) and Arista Networks (ANET) also dropped, despite strong AI demand. Credo's forward P/E hit a three-year low, with its next earnings report in December. Analysts expect revenue to nearly triple by fiscal 2028, but Texas data center moratoriums could impact growth.
Coherent (COHR) fell 16% despite a revenue beat, raised outlook, and a $20B optics deal. Revenue rose 50% to $2.37B, EPS up 80% to $2.09. Analysts expect 68% EPS growth by fiscal 2027. Ciena (CIEN) and Credo (CRDO) also dropped amid AI stock selloff tied to Democrats' midterm wins. Operating cash flow turned negative.
Credo Technology (CRDO) and Oracle secured OCP approval for optical connectivity specs, aiming to improve AI data center reliability. Credo's ZeroFlap host spec is the foundation. CRDO is also working on micro-emitter optics specs for 2027. Competitors like Marvell (MRVL) and Astera Labs (ALAB) are also active in this space. CRDO shares fell 38.2% in a month, trading at a higher P/S ratio than its industry.
Credo Technology (CRDO) dropped 10% as AI data center stocks declined following Democratic wins in Congress and Texas, where data center limits were promised. Dell (DELL) also fell, while Amazon (AMZN) rose. Credo's forward P/E is at a three-year low, reflecting concerns about data center growth, particularly in Texas, which is crucial for its revenue.
Credo (CRDO) reported Q1 2027 revenue of $479.0M, up 114.7% YoY, with guidance for $525M-$535M next quarter. The company sells data center components and AI-related products, with a 68.0% non-GAAP gross margin. Market experts warn of potential bubbles, with retail trading volumes down 20% since mid-summer.
The Open Compute Project approved two optical transceiver telemetry specifications led by Credo Technology Group (CRDO) and Oracle (ORCL). The standards aim to improve optical link diagnostics and reliability, with contributions from Credo's ZeroFlap host specification. The specifications are available through OCP's Networking Project.
ETFs sold $23.1M of Credo Technology (CRDO) on Oct. 28, with SOXX being the largest seller. CRDO has a market cap of $31.1B, reported $1.59B in TTM revenue, and trades at a P/E of 58.99. ETFs were net buyers on 3 of the last 5 days.
Cheng Chi Fung (Chief Technology Officer) sold 27,500 indirectly-held shares of Credo Technology Group Holding Ltd (CRDO) at an average of $164.12 ($155.32–$168.02, $4.51M total) across 13 trades on 2026-10-27 under a Rule 10b5-1 trading plan.
Credo Technology's stock fell 13% last week, driven by a broader AI chip selloff and MaxLinear's plans to compete in Credo's active electrical cable market. MaxLinear aims for 20-30% of the 1.6T cable market in the next few years, but Credo's revenue is still expected to nearly double to $2.5B this fiscal year. Analysts view the selloff as an opportunity, with Credo's next test being its fiscal Q2 report in December.
