Stock Track | Credo Technology (CRDO) Soars 5.44% in Pre-Market on Optimism Around AI Demand

Stock Track

Jan 30, 2025

Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) surged 5.44% in the pre-market session on Wednesday, driven by optimism surrounding the company's growth prospects fueled by robust demand for its high-speed connectivity solutions from the booming artificial intelligence (AI) industry.

Credo Technology, a leading provider of high-speed connectivity solutions for optical and electrical Ethernet applications, is well-positioned to capitalize on the increasing adoption of AI technologies across various industries. As AI workloads grow in complexity and scale, the demand for power-efficient and high-speed connectivity solutions is expected to rise, playing into the company's strengths.

Analysts at Mizuho Securities remain bullish on Credo Technology, raising their price target on the stock to $85 from $70 and maintaining an "Outperform" rating. The firm cited the company's focus on enabling power-efficient AI clusters as a key driver of its recent success, aligning with the broader industry trend of data centers seeking to optimize energy consumption while scaling AI capabilities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1175643760"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1175643760\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1175643760?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 10:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1175643760","market":"hk","top_or_hot":-1,"title":"Stock Track | Credo Technology (CRDO) Soars 5.44% in Pre-Market on Optimism Around AI Demand","media":"Stock Track","content":"<p>Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) surged 5.44% in the pre-market session on Wednesday, driven by optimism surrounding the company's growth prospects fueled by robust demand for its high-speed connectivity solutions from the booming artificial intelligence (AI) industry.</p>\n\n<p>Credo Technology, a leading provider of high-speed connectivity solutions for optical and electrical Ethernet applications, is well-positioned to capitalize on the increasing adoption of AI technologies across various industries. As AI workloads grow in complexity and scale, the demand for power-efficient and high-speed connectivity solutions is expected to rise, playing into the company's strengths.</p>\n\n<p>Analysts at Mizuho Securities remain bullish on Credo Technology, raising their price target on the stock to $85 from $70 and maintaining an \"Outperform\" rating. The firm cited the company's focus on enabling power-efficient AI clusters as a key driver of its recent success, aligning with the broader industry trend of data centers seeking to optimize energy consumption while scaling AI capabilities.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Credo Technology (CRDO) Soars 5.44% in Pre-Market on Optimism Around AI Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Credo Technology (CRDO) Soars 5.44% in Pre-Market on Optimism Around AI Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-30 10:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) surged 5.44% in the pre-market session on Wednesday, driven by optimism surrounding the company's growth prospects fueled by robust demand for its high-speed connectivity solutions from the booming artificial intelligence (AI) industry.</p>\n\n<p>Credo Technology, a leading provider of high-speed connectivity solutions for optical and electrical Ethernet applications, is well-positioned to capitalize on the increasing adoption of AI technologies across various industries. As AI workloads grow in complexity and scale, the demand for power-efficient and high-speed connectivity solutions is expected to rise, playing into the company's strengths.</p>\n\n<p>Analysts at Mizuho Securities remain bullish on Credo Technology, raising their price target on the stock to $85 from $70 and maintaining an \"Outperform\" rating. The firm cited the company's focus on enabling power-efficient AI clusters as a key driver of its recent success, aligning with the broader industry trend of data centers seeking to optimize energy consumption while scaling AI capabilities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRDO","symbol_name":"Credo Technology Group Holding Ltd","start_time":0,"source_url":"","article_id":"1175643760","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175643760","pubTimestamp":1738205101,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Credo Technology Group Holding Ltd  surged 5.44% in the pre-market session on Wednesday, driven by optimism surrounding the company's growth prospects fueled by robust demand for its high-speed connectivity solutions from the booming artificial intelligence  industry.Credo Technology, a leading provider of high-speed connectivity solutions for optical and electrical Ethernet applications, is well-positioned to capitalize on the increasing adoption of AI technologies across various indu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRDO":"Credo Technology Group Holding Ltd"},"translate_title":"由于对人工智能需求的乐观情绪，股票赛道Credo Technology(CRDO)盘前飙升5.44%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRDO":1},"content_text":"Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) surged 5.44% in the pre-market session on Wednesday, driven by optimism surrounding the company's growth prospects fueled by robust demand for its high-speed connectivity solutions from the booming artificial intelligence (AI) industry.\nCredo Technology, a leading provider of high-speed connectivity solutions for optical and electrical Ethernet applications, is well-positioned to capitalize on the increasing adoption of AI technologies across various industries. As AI workloads grow in complexity and scale, the demand for power-efficient and high-speed connectivity solutions is expected to rise, playing into the company's strengths.\nAnalysts at Mizuho Securities remain bullish on Credo Technology, raising their price target on the stock to $85 from $70 and maintaining an \"Outperform\" rating. The firm cited the company's focus on enabling power-efficient AI clusters as a key driver of its recent success, aligning with the broader industry trend of data centers seeking to optimize energy consumption while scaling AI capabilities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}