CRDO

Key Stats for Credo StockCurrent Price: $147. 29Target Price (Mid): ~$470Street Target: ~$284Potential Total Return: ~219%Annualized IRR: ~29% / year__Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)__ >>> What Happened?Credo Technology Group (CRDO) fell 9.

Credo Technology is promoting its OmniConnect Weaver memory gearbox on AMD's Versal AI Edge Series Gen 2 platform and a new 1.6T ZeroFlap active light cable. The company also highlights a new OCP workstream for Short‑Reach Micro‑Emitter Optics, while noting rising competition in active electrical cables and slower 1.6T adoption.

Key TakeawaysCredo shares rose 7% this morning, with Lumentum, Coherent, Semtech and Astera Labs also higher, after Super Micro raised its fiscal first-quarter revenue estimate by about $4 billion. Super Micro’s beat is strong evidence that AI server builds are speeding up, and more AI racks mean more demand for Credo’s cables.

During its earnings call, MaxLinear said it aims to capture 20% to 30% of the 1.6T active electrical cable market in the next few years. This target has pushed Credo’s stock to a six‑month low.

Investing.com -- Credo Technology Group shares fell 7.5% on Friday as comments from MaxLinear management highlighted potential competition in the active electrical cable (AEC) market, while third-party data pointed to limited near-term adoption of next-generation 1.6-terabit cables. Insider selling also weighed on sentiment.

Brown Advisory, an investment management company, released its “Mid-Cap Growth Strategy” Q3 2026 investor letter. A copy of the letter can be downloaded here.

Credo shares rose 6.3% to $182 on October 21, but the stock remains 41% below its 52‑week high of $309.

The headline asks what the market has missed in Credo Technology’s recent stock drop.