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Credo Technology jumps as investors buy the dip after recent selloff

Investivoq PriceTracker

Credo Technology Group Holding Ltd. (CRDO) is up 12.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be a rebound after a sharp pullback last week, helped by investors refocusing on Credo’s strong recent growth and its positioning in AI networking and optical connectivity. A fresh company announcement tied to Open Compute Project telemetry standards and the afterglow of strong fiscal first-quarter results also likely improved sentiment, although there does not appear to be a single definitive catalyst today.

Details:

  • Credo announced on November 4 that, with Oracle, it advanced two Open Compute Project contributions aimed at improving optical transceiver telemetry and link reliability in AI data centers.
  • In its September 1 fiscal first-quarter 2027 results, the company posted revenue of $479.0 million, up 114.7% year over year, and guided the next quarter to $525 million to $535 million.
  • Trading screens and market summaries show CRDO bouncing after a steep two-session drop last week, suggesting part of today’s gain may be dip-buying rather than reaction to brand-new fundamentals.
  • Recent product and standards announcements around AI memory expansion, optics, and interconnects may have reinforced the view that Credo remains leveraged to ongoing AI infrastructure spending.

    • Sources:

    Credo Investor Relations ([investors.credosemi.com](https://investors.credosemi.com/news-events/news/news-details/2026/Credo-and-Oracle-Advance-Optical-Transceiver-Telemetry-Standardization-with-OCP-Community/default.aspx?utm_source=openai)), MarketBeat ([marketbeat.com](https://www.marketbeat.com/stocks/NASDAQ/CRDO/news/)), Finviz ([finviz.com](https://finviz.com/stock?b=2&p=m&r=max&t=CRDO&utm_source=openai))

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $CRDO Insider Trading Activity

    CRDO Insider Trades

    $CRDO insiders have traded $CRDO stock on the open market 318 times in the past 6 months. Of those trades, 0 have been purchases and 318 have been sales.

    Here’s a breakdown of recent trading of $CRDO stock by insiders over the last 6 months:

    • CHI FUNG CHENG (Chief Technology Officer) has made 0 purchases and 183 sales selling 403,602 shares for an estimated $84,374,293.
    • YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 57 sales selling 361,439 shares for an estimated $77,263,875.
    • WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 44 sales selling 103,322 shares for an estimated $17,730,053.
    • DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 26 sales selling 55,160 shares for an estimated $13,456,884.
    • JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 4 sales selling 20,000 shares for an estimated $4,386,475.
    • CLYDE HOSEIN sold 3,451 shares for an estimated $905,283
    • SYLVIA ACEVEDO sold 2,208 shares for an estimated $465,888
    • PANTAS SUTARDJA, sold 1,540 shares for an estimated $326,818
    • FARIBA DANESH sold 1,100 shares for an estimated $259,979

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $CRDO Hedge Fund Activity

    We have seen 620 institutional investors add shares of $CRDO stock to their portfolio, and 422 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JENNISON ASSOCIATES LLC added 2,408,196 shares (+974.6%) to their portfolio in Q2 2026, for an estimated $654,908,902
    • WELLINGTON MANAGEMENT GROUP LLP removed 2,066,529 shares (-60.6%) from their portfolio in Q2 2026, for an estimated $561,992,561
    • BLACKROCK, INC. removed 2,059,560 shares (-10.4%) from their portfolio in Q2 2026, for an estimated $560,097,342
    • ALLIANCEBERNSTEIN L.P. removed 1,717,449 shares (-86.5%) from their portfolio in Q2 2026, for an estimated $467,060,255
    • HRT FINANCIAL LP added 1,387,796 shares (+inf%) to their portfolio in Q2 2026, for an estimated $377,411,122
    • QUBE RESEARCH & TECHNOLOGIES LTD added 1,342,314 shares (+inf%) to their portfolio in Q2 2026, for an estimated $365,042,292
    • POINT72 ASSET MANAGEMENT, L.P. removed 1,326,467 shares (-17.7%) from their portfolio in Q2 2026, for an estimated $360,732,700

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $CRDO Congressional Stock Trading

    Members of Congress have traded $CRDO stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $CRDO stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 07/02, 06/30.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $CRDO Price Targets

    Multiple analysts have issued price targets for $CRDO recently. We have seen 11 analysts offer price targets for $CRDO in the last 6 months, with a median target of $275.0.

    Here are some recent targets:

    • Vivek Arya from B of A Securities set a target price of $340.0 on 06/23/2026
    • Tore Svanberg from Stifel set a target price of $350.0 on 06/22/2026
    • Mark Lipacis from Evercore ISI Group set a target price of $325.0 on 06/22/2026
    • N. Quinn Bolton from Needham set a target price of $275.0 on 06/02/2026
    • Vijay Rakesh from Mizuho set a target price of $290.0 on 06/02/2026
    • Mike Genovese from Rosenblatt set a target price of $215.0 on 06/02/2026
    • Blayne Curtis from Jefferies set a target price of $270.0 on 06/02/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.