Credo Technology (CRDO) Soars on Earnings Success

Credo Technology Group Holding Ltd (CRDO) had a strong week, with share prices jumping 14.4% to reach a new peak after reporting stellar earnings for the first quarter of fiscal year 2026.

The company swung to a net profit of $63.4 million from a net loss of $9.54 million in the same period last year, with total revenues soaring by 273.6% to $223.07 million. CEO Bill Brennan credited growth to strategic partnerships and expects revenues to reach $230-240 million in the second quarter. While CRDO shows potential, there are other AI stocks that may offer higher returns with less risk.