CRDO
NASDAQ · Semiconductors
Credo Technology Group Holdi
$188.51
+0.22 (+0.11%)
CRDO News8 articles
Digi Power X's $175M ATM Plan Raises Stakes for Cerebras AI Data Center Deal
Digi Power X Inc. expands its ATM share program to $175M to fund a 40-MW AI data center deal with Cerebras Systems, as investors eye execution risks and dilution.
MaxLinear Soars 23% on AI Optical Demand, Q2 Revenue Guidance Tops Estimates
MaxLinear reported Q1 revenue of $137.2M, up 43% YoY, and issued Q2 guidance of $160M-$170M, far above analysts' $137.1M estimate, fueled by AI data-center demand for optical chips.
Lumentum Surges on $1.25B AI Revenue Target, Backed by Nvidia
Lumentum shares soared after projecting a path to $1.25 billion in quarterly revenue from AI data-center demand, buoyed by a $2 billion investment from Nvidia. Rival Coherent also gained, forecasting a $70 billion datacenter market by 2030.
Credo Stock Rebounds on Broadcom's Copper Endorsement for AI Data Centers
Credo Technology Group Holding's stock climbed 9% to $111.94 Thursday, recovering from a 14.8% drop earlier in the week. The rebound followed Broadcom's endorsement of copper-based connections for AI data center racks.
Credo Technology Shares Plunge on Margin Guidance Despite Record Sales
Credo Technology shares dropped sharply after the company projected a decline in gross margins for the current quarter, overshadowing record fiscal Q3 revenue and an acquisition.
Credo Stock Plunges on Margin Guidance, CoMira Acquisition
Credo Technology shares tumbled 13% in premarket trading Tuesday after the company projected a sequential decline in gross margins for the current quarter. The company reported robust fiscal Q3 results and announced the acquisition of semiconductor IP specialist CoMira Solutions.
Astera Labs Shares Tumble 21% on Amazon Warrant Deal, Raising Margin Concerns
Astera Labs stock plummeted over 21% in after-hours trading after disclosing a warrant agreement with Amazon, which analysts say will pressure gross margins. The chip connectivity firm also announced a CFO transition.
Credo Technology Surges on Upbeat Revenue Outlook, AI Demand in Focus
Credo Technology shares soared in premarket trading after the company issued a strong preliminary revenue forecast for its fiscal third quarter and projected over 200% growth for fiscal 2026.