Credo Technology Stock Drops 1.14% as Trading Volume Falls to 291st Rank Despite Strong Revenue Projections

On June 13, 2025, Credo Technology (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 Credo 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.