Shares of Credo Technology Group (NASDAQ: CRDO) surged over 10% after reporting a 272% year-over-year revenue increase to $268 million in its fiscal 2026 second quarter, driven by high demand for its connectivity solutions among hyperscalers and major AI users. Adjusted net income soared to $128 million, exceeding expectations.

CEO Bill Brennan hailed these results as Credo’s strongest ever, attributing them to the expansion of the world’s largest AI training and inference clusters. The company anticipates revenue of $335 million to $345 million in the fiscal third quarter, reflecting a 148% to 156% year-over-year growth.

Despite Credo’s impressive performance, the Motley Fool Stock Advisor team did not include it in their list of top 10 stocks to buy now. Their recommendations have historically yielded substantial returns, such as $588,530 if you invested $1,000 in Netflix in 2004 or $1,102,885 if you did so with Nvidia in 2005. Stock Advisor’s total average return is 1,012%, far surpassing the S&P 500’s 193%.

Read more at Yahoo Finance: Why Credo Stock Jumped Today