Credo Technology Group ($CRDO) Stock Forecast: Up 6.4% Today

What is Credo Technology Group?

Credo (CRDO) is a high-speed connectivity stock that is part of the AI data center connectivity industry. Today, CRDO experienced a strong bullish movement in the market.

Why is Credo Technology Group going up?

CRDO stock is up 6.4% on Oct 29, 2025 17:00

• CRDO's bullish movement could be attributed to the positive sentiment surrounding high-speed connectivity stocks in the market.
• A comparison analysis between CRDO and ALAB might have sparked investor interest in CRDO due to its soaring sales and innovation edge.
• The overall performance of similar companies like Varonis and Lam Research, which reported strong earnings and revenue growth, could have positively influenced investor confidence in the tech sector, including CRDO.
• Despite the mixed results from NXP Semiconductors, the outlook for modest growth in Q4 for the semiconductor industry as a whole could have contributed to the bullish movement in CRDO.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Varonis Q3 Earnings Match Estimates, Revenues Increase Y/Y

VRNS' Q3 earnings meet estimates as SaaS revenues surge 117.7% year over year, offsetting declines in other segments amid macro uncertainty.

https://www.zacks.com/stock/news/2780439/varonis-q3-earnings-match-estimates-revenues-increase-yy

NXP Semiconductors Q3 Earnings Match Estimates, Revenues Fall Y/Y

NXPI Q3 earnings meet estimates while revenues dip year over year, but the company sees modest growth ahead for Q4.

https://www.zacks.com/stock/news/2779177/nxp-semiconductors-q3-earnings-match-estimates-revenues-fall-yy

CRDO vs. ALAB: Which High Speed Connectivity Stock Is the Smarter Buy?

Credo's soaring sales and innovation edge meet Astera Labs' fast-rising momentum in the AI data center connectivity race.

https://www.zacks.com/stock/news/2776612/crdo-vs-alab-which-high-speed-connectivity-stock-is-the-smarter-buy

Lam Research Q1 Earnings Surpass Expectations, Revenues Rise Y/Y

LRCX's Q1 earnings and revenues surpass forecasts, boosted by strong systems sales and rising demand across key Asian markets.

https://www.zacks.com/stock/news/2775234/lam-research-q1-earnings-surpass-expectations-revenues-rise-yy

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Credo Technology Group Price History

10.09.2025 - CRDO Stock was down 5.1%

• The uptick in CRDO's stock price may have prompted some investors to take profits, leading to today's bearish movement.
• Despite the initial boost from the Power Inflow alert, a bullish indicator, the stock was unable to maintain positive momentum amidst broader market trends.
• A reduction in short interest suggests that certain investors closed their bearish positions, potentially adding to the downward pressure on the stock.
• While CRDO has displayed impressive growth in recent months, today's bearish movement could be a natural correction following an extended period of gains, as investors review their positions.

24.09.2025 - CRDO Stock was up 7.6%

• CRDO's soaring sales and innovation edge in the AI data center connectivity race likely contributed to the bullish movement.
• The comparison with a competitor and the positive sentiment towards CRDO may have attracted investors.
• The overall positive performance of related companies, with strong earnings and rising demand in key markets, could have boosted confidence in the sector, including CRDO.

26.08.2025 - CRDO Stock was down 5.8%

• Bearish options activity among deep-pocketed investors implies negative sentiment towards CRDO.
• CRDO's strengths in hyperscaler momentum compared to MRVL may not sufficiently counterbalance market dynamics.
• Insider selling by BU LIP TAN could have affected the stock negatively by showing lack of confidence in the company's future performance.
• The strong bearish movement in CRDO's stock today may be a result of the combination of bearish options activity, comparison dynamics, and insider selling.

07.09.2025 - CRDO Stock was down 5.0%

• Notwithstanding the recent acquisition of Hyperlume and foraying into MicroLED technology for AI data centers, the stock faced a bearish trend.
• The initial market enthusiasm, triggered by the Power Inflow signal and a decline in short interest percentage, couldn't sustain the positive momentum.
• Concerns about the successful execution of the acquisition and the integration of new technologies possibly prompted investors to take profits, leading to a bearish trajectory in the stock price.
• Market backing for CRDO may have waned due to uncertainties surrounding its future growth prospects despite advancements in its product lineup.

07.09.2025 - CRDO Stock was down 5.1%

• A decrease in short interest as a percent of float suggests a potential loss of market support for CRDO.
• The acquisition of Hyperlume, focusing on microLED technology for AI data centers, may not have been well-received by investors, leading to a bearish market movement.
• Concerns about the integration of the new technology and its impact on CRDO's future performance may have triggered a stock sell-off.
• Market sentiment towards CRDO appears to be more influenced by the company's strategic moves and market support rather than the acquisition news.

24.08.2025 - CRDO Stock was down 6.5%

• The significant insider sell by BU LIP TAN, a Board Member at CRDO, might have signaled negative sentiment within the company, leading to a bearish movement in the stock.
• Despite strong optical momentum and positive revenue growth projections, the news of insider selling could have overshadowed the company's potential, causing investors to react bearishly.
• The bullish stance taken by market whales on CRDO options might indicate conflicting sentiments in the market, with some investors remaining optimistic while others, like the insider seller, choosing to offload their shares.

17.09.2025 - CRDO Stock was up 5.6%

• CRDO saw a strong bullish movement recently.
• The launch of CRDO's new ZeroFlap optical transceivers and advanced DSPs is believed to have positively influenced market sentiment.
• Despite an insider sell-off by Manpreet Khaira, investor focus seems to be more on the potential revenue growth driven by the company's innovative products.
• Investor confidence in CRDO's future outlook is reflected in the increasing stock price.

29.09.2025 - CRDO Stock was up 5.9%

• CRDO experienced a strong bullish movement today, possibly driven by its soaring sales and innovation edge in the high-speed connectivity sector.
• The comparison with ALAB might have also sparked investor interest in CRDO, highlighting its competitive position in the market.
• Positive market sentiment towards semiconductor stocks, as seen with NXP Semiconductors and Lam Research beating expectations, could have further contributed to CRDO's bullish movement.

03.09.2025 - CRDO Stock was down 7.3%

• The acquisition of Hyperlume, a company specializing in microLED technology for data centers, might have led to increased investor expectations.
• However, despite the positive news of the acquisition, investors might have been concerned about the potential integration challenges or costs associated with the acquisition.
• Questions regarding CRDO's momentum as a stock pick could have also contributed to a sell-off as investors might be reevaluating their positions based on the company's future growth prospects.
• Overall, the bearish movement in CRDO's stock today could be a result of profit-taking, integration concerns post-acquisition, and investor sentiment affected by the momentum stock analysis.

30.08.2025 - CRDO Stock was down 5.2%

• The strong bearish movement in CRDO could be attributed to the significant insider sell by BU LIP TAN, a board member, who offloaded $3.50M worth of CRDO stock. This move might have signaled a lack of confidence in the company's future performance.
• Additionally, the unusual options activity indicating a bearish approach by deep-pocketed investors could have further fueled negative sentiment towards CRDO, leading to the downward momentum.
• Despite CRDO's hyperscaler momentum and AEC strength, the market may have reacted negatively to these developments, causing the stock to decline.
• Investors considering CRDO as a momentum stock might have been deterred by these factors, leading to the bearish movement observed today.

23.09.2025 - CRDO Stock was up 10.5%

• CRDO saw a significant upward trend in its stock price today, driven by its emphasis on innovation, particularly with the introduction of new products like the ZeroFlap optical transceivers and advanced DSPs.
• The favorable market response may also be linked to the general optimism towards tech firms, exemplified by Lam Research's robust Q1 financial performance and revenue growth, indicating a robust demand in key Asian markets.
• Investors seem to be encouraged by CRDO's ability to leverage the emerging trends in AI, cloud computing, and data centers, positioning the company for sustained success and revenue growth in the future.

29.09.2025 - CRDO Stock was up 6.4%

• CRDO's bullish movement could be attributed to the positive sentiment surrounding high-speed connectivity stocks in the market.
• A comparison analysis between CRDO and ALAB might have sparked investor interest in CRDO due to its soaring sales and innovation edge.
• The overall performance of similar companies like Varonis and Lam Research, which reported strong earnings and revenue growth, could have positively influenced investor confidence in the tech sector, including CRDO.
• Despite the mixed results from NXP Semiconductors, the outlook for modest growth in Q4 for the semiconductor industry as a whole could have contributed to the bullish movement in CRDO.