The Latest Breaking News from CRDO

Credo Technology's stock price surge suggests a high potential for new highs to be achieved this year, but it also presents risks for traders and investors.

The AI data center market is booming, driven by the rise of generative AI and advances in computing, and five stocks - NVIDIA, Dell, Broadcom, Credo, and Micron - are well-positioned to benefit from this trend, offering investors a chance to capitalize on the growing demand for AI-ready infrastructure.

Credo Technology, which in January pulled off one of 2022's rare technology IPOs, is targeting next-generation speeds in internet data centers.

Within the last quarter, Credo Technology Group (NASDAQ:CRDO) has observed the following analyst ratings:

Credo Technology Group Holding Ltd (NASDAQ: CRDO) is an emerging cloud networking specialist that estimates its addressable market to grow at a compounded annual growth rate (CAGRA) of nearly 49%, according to BofA Securities.

Multiple analysts initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a positive stance. Goldman Sachs analyst Toshiya Hari initiated coverage on Credo with a Buy rating and price target of $23 (51.3% upside). Stifel analyst Tore Svanberg initiated coverage on Credo with a Buy rating and price target of $20 (31.6% upside). BofA analyst Vivek…

Credo Technology Group Holding Ltd (NASDAQ:CRDO) completed an initial public offering of 20 million shares at $10.00 per share.  The company raised $183.8 million from the offering. The underwriters had a 30-day option to purchase additional shares up to 3 million. Related Content: Credo announces pricing of initial public offering On February 7, the…