Credo Technology Group Holding Ltd - Ordinary Shares (CRDO)
49.15
+4.20 (9.34%)
Credo Technology Group Holding Ltd is a technology company focused on designing and manufacturing advanced semiconductor solutions that enhance connectivity and data transfer for a variety of applications
The company's innovative products are geared towards improving the performance and efficiency of data centers, high-speed computing, artificial intelligence, and telecommunications. By leveraging cutting-edge technologies, Credo aims to provide its customers with state-of-the-art integrated circuit solutions that support the increasing demand for bandwidth and speed in an ever-evolving digital landscape.
Credo Technology Group Holding Ltd (Credo) (NASDAQCRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, has filed a complaint alleging patent infringement on March 13, 2025, asking the United States International Trade Commission to initiate an investigation against Amphenol Corporation, Molex LLC, TE Connectivity PLC, and Volex PLC and to block the importation of products that infringe Credo’s patents related to Active Electrical Cables (AECs). In addition, Credo is filing parallel complaints in Federal District Court alleging willful infringement as Credo provided notice of its patents to each of these companies in September 2023.
Credo Technology Group Holding Ltd (Credo) (NASDAQCRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, is excited to announce its participation in NVIDIA GTC 2025, taking place March 17-21 in San Jose, CA. Credo will showcase its Toucan PCI Express (PCIe) Gen6.x/CXL3.x retimers in a full rack demo, highlighting their role in enabling scalable AI infrastructure. In addition, Credo’s Associate Vice President of PCIe Product, Phil Kumin will deliver a technical session on GPU disaggregation and PCIe scaling for AI workloads.
The brokerage is optimistic about Credo’s prospects, noting that the company’s portfolio of artificial intelligence (AI) products is underappreciated at the stock’s current levels.
Driving the surge in Credo’s earnings and revenue was the AEC (active electric cables) segment – the company said it experienced the “inflection point” that it had expected.
Ahead of earnings, several brokerages upped their price targets for Credo, highlighting that the growing demand for artificial intelligence (AI) applications bodes well for the company.
U.S. stocks slid on Tuesday as President Donald Trump’s tariffs on major trade partners took effect, intensifying global trade tensions. The Dow Jones Industrial Average dropped 1.55% to 42,520.99, while the S&P 500 declined 1.22% to 5,778.15.
Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the third quarter of fiscal year 2025, ended February 1, 2025.
Credo Technology Group Holding Ltd (Credo) (NASDAQCRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced that its PCI Express® (PCIe®) 5.0 specification capable “Toucan” retimer has successfully passed the testing at the PCI-SIG® Compliance Workshop #133 in Taipei. This milestone confirms the retimer’s compliance with the rigorous standards required for PCIe 5.0 technology integrations, and it now will be officially listed on the PCI-SIG Integrators List.
Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced it will hold a conference call on Tuesday, March 4, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended February 1, 2025.
