Several tech stocks including Pasqal, Credo, Palo Alto Networks (PANW), FuelCell Energy (FCEL), and MongoDB (MDB) saw significant declines on September 2, 2026. Pasqal dropped over 21% despite positive quantum computing progress, likely due to profit-taking. Credo fell about 20% despite beating earnings estimates, as concerns about its optical product revenue and cable growth surfaced. PANW shares and its leveraged ETF declined after mixed growth and cash flow forecasts. FCEL and MDB also fell on earnings disappointments and slower-than-expected growth, despite some positive results. Overall, the declines were driven by elevated expectations, earnings concerns, and market volatility rather than negative corporate news or legal issues.
Credo Technology Group Holding Ltd reported a strong 115% year-over-year revenue growth with solid profit margins, but its shares fell 20% after earnings due to negative technical indicators and sector sentiment. The stock's valuation remains high wi...
Credo Technology Group Holding's stock fell 19% following its Q1 2027 earnings report, despite delivering solid financial results. The decline reflects broader market anxiety driven by inflation concerns, rising interest rates, and geopolitical tensi...
Credo Technology Group reported a 115% revenue increase, with management projecting over 85% annual growth through FY2027 and optical revenue surpassing $600 million. While growth in Active Electrical Cables (AEC) is stabilizing, emerging technologie...
Credo Technology Group Holding reported a record first-quarter revenue of $479 million, marking a 114.7% increase year-over-year and surpassing both company and Wall Street expectations. The company maintained strong non-GAAP gross margins at 68% and...
Credo reported a strong fiscal Q1 performance, beating estimates and raising its outlook, signaling accelerating growth. The company is benefiting from increasing demand for its optical scale-up technology, especially from hyperscalers beyond its tra...
