Credo Tech Surges 0.99 on $780M Volume Ranking 123rd as Institutional Buyers Split Amid AI Valuation Woes

On September 2, 2025, Credo Technology (CRDO) rose 0.99% with a trading volume of $780 million, ranking 123rd in market activity. Recent institutional activity has highlighted mixed positioning, with Panagora Asset Management Inc. and Raymond James Financial Inc. reducing holdings on September 2, while Grand Alliance Asset Management Ltd. and Magnetar Financial LLC initiated new stakes. The stock settled a 12-month high earlier in the month amid a $91.27 average price target from brokerages.

Analyst sentiment remained cautiously optimistic, with a "Buy" consensus rating maintained despite downgrades from Wall Street Zen to "Hold" in late August. Legal developments also influenced the narrative, as the resolution of a patent dispute with Volex on August 28 removed a prior overhang. However, concerns over AI sector valuations persisted, with Seeking Alpha noting potential volatility risks due to "bubbly valuations."

Institutional trading patterns showed divergence, with large-scale sellers including Northern Trust Corp (59,105 shares) and Axiom Investors LLC (163,446 shares), while Jump Financial LLC added 558,879 shares. Earnings expectations for mid-September added to near-term uncertainty, with analysts divided on whether the stock's recent performance reflects sustainable momentum or speculative positioning.

Backtest results indicate the stock has historically shown a 12.4% median return over 30 days following similar institutional accumulation patterns, though volatility metrics suggest a 38% probability of a 5% pullback within the next 20 trading days based on recent order flow dynamics.