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Credo Technology Stock Drops 1.14% as Trading Volume Falls to 291st Rank Despite Strong Revenue Projections
Generated by AI AgentAinvest Volume Radar
Friday, Jun 13, 2025 8:10 pm ET1min read
On June 13, 2025,
(CRDO) experienced a notable decline, with its stock price dropping by 1.14% and its trading volume decreasing by 34.07% to 3.39 billion, ranking 291st in the day's trading volume.Credo Technology has projected that its fiscal year 2026 revenues will exceed $800 million, driven by robust growth in its AEC, retimer, and optical business segments. This projection is fueled by the surging demand for AI data centers, which has positioned
as a key player in the semiconductor industry.In the fourth quarter of 2025, Credo reported a 26% increase in revenue to $170 million, further bolstering its financial outlook. The company's strategic focus on high-growth areas within the semiconductor market is expected to sustain this momentum, making it a stock to watch for investors interested in the tech sector.
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