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Home/News Feed/Credo Technology shares drop 30% but copper and optical segments show growth potential amid AI capex surge
CRDO
$206.99
+$5.91 +2.94%

Credo Technology shares drop 30% but copper and optical segments show growth potential amid AI capex surge

Market News
31 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Shares of Credo Technology Group Holding Ltd have fallen over 30% from recent highs, reflecting broader market weakness and a cooling AI trade. Despite the drop, the company’s copper and optical technology segments are gaining momentum, supported by increasing capital expenditures in AI infrastructure. This trend suggests Credo could benefit from sustained demand driven by AI hyperscalers in the coming years. Investors should watch how these segments develop as the AI sector evolves.

More News (CRDO)

Credo shares drop 36% despite strong Q4 earnings and optimistic 2027 revenue growth forecast

Credo shares drop 36% despite strong Q4 earnings and optimistic 2027 revenue growth forecast

Credo Technology's shares fell over 36% even after reporting a 157% revenue increase and 231% rise in adjusted EPS for fiscal Q4, showing strong cash flow and operating leverage. The company highlights the importance of its ZeroFlap AECs for AI conne...

Company Fundamentals
Bullish
2 days ago
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