Credo Technology Group Holding (CRDO) Stock Price & How to Invest
Short answer
You can invest in Credo Technology (CRDO) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. Credo sells high-speed connectivity products (active electrical cables, SerDes chips, retimers, and optical DSPs) that move data inside AI data centers, and its revenue has roughly tripled as hyperscalers build out AI infrastructure. The central risks are heavy customer concentration, a premium valuation, and competition from larger chipmakers like Broadcom and Marvell.
CRDO stock price
As of 2026-06-26, Credo Technology Group Holding (CRDO) last closed at $238.00, up 154.6% over the past year. Over the past 52 weeks it has traded between $87.59 and $302.52.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Credo Technology Group Holding 's investor relations page. Walnut is informational, not investment advice.
What does Credo Technology Group Holding (CRDO) do?
Credo Technology designs high-speed connectivity products that move data inside and between AI and cloud data centers. Its best-known product is the active electrical cable (AEC), branded ZeroFlap, a copper cable with Credo's own chips built in that carries data over short distances more cheaply and reliably than optical cables; Credo also sells SerDes IP and chiplets, line-card and retimer ICs, optical digital signal processors (DSPs), and OmniConnect memory connectivity. The company makes money by selling these chips and cables, mostly to hyperscale cloud operators and the networking equipment makers that serve them, with AEC and integrated-circuit demand driving the recent ramp.
Credo was founded in 2008 and is led by CEO Bill Brennan, with operations centered in San Jose, California and design teams in Asia. It went public on the Nasdaq in January 2022. For years Credo was a small, specialized connectivity supplier, but the AI build-out turned its AEC and SerDes products into high-volume data-center components: fiscal 2026 revenue of ~$1.3 billion was up sharply from ~$437 million in fiscal 2025, with the fourth quarter alone at ~$437 million, up ~157% year over year.
What's driving Credo Technology Group Holding (CRDO)?
1. AEC adoption inside AI racks.
Active electrical cables are Credo's flagship growth driver. As AI clusters pack more accelerators per rack, operators need dense, reliable short-reach links, and AECs offer a lower-cost, lower-power alternative to optics for those distances. Credo's ZeroFlap AECs have been adopted by multiple hyperscalers, and AEC demand has been a primary reason revenue has scaled so quickly.
2. AI bandwidth growth.
Each new generation of AI hardware moves more data between chips, racks, and clusters, which raises demand for the SerDes, retimers, and optical DSPs that Credo supplies. The company's addressable market expands as link speeds rise toward 800G and beyond. This bandwidth tailwind is the broad thesis behind the whole connectivity category, not just Credo.
3. Margins.
Credo has reported high gross margins, with non-GAAP gross margin around the high-60s percent and non-GAAP operating margin near 50% in its strongest recent quarter. Margins reflect the value of its connectivity IP and a product mix weighted toward higher-margin chips. Management has guided gross margin to vary with mix as newer products ramp.
4. Customer expansion.
Credo has been working to broaden its customer base beyond its largest accounts, adding hyperscalers and AI-cloud operators across its AEC, optical, and IC lines. Wider adoption would reduce reliance on any single buyer. The pace and breadth of this diversification is a key thing to watch given how concentrated revenue has been.
What are the risks to Credo Technology Group Holding (CRDO)?
Customer concentration is the central risk: a large share of revenue has come from a few hyperscalers, and in some quarters a single customer has represented the majority of sales, so an order pause or design loss at one account can move results sharply. Credo competes with much larger and well-funded rivals, including Broadcom and Marvell, plus newer entrants like Astera Labs, all targeting the same connectivity sockets. Revenue is tied to AI data-center capex, which is cyclical and could slow if hyperscaler spending cools. The stock also carries a premium valuation, which leaves little room for disappointment.
How is Credo Technology Group Holding (CRDO) valued? (approximate, June 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Credo Technology Group Holding 's investor relations page or your broker.
- Revenue (FY2026): ~$1.3 billion
- Revenue growth (YoY): ~200% (roughly tripled from ~$437M in FY2025)
- Non-GAAP gross margin: ~68%
- Net income (FY2026): ~$472 million
- P/E (trailing): ~90x to 108x (forward ~41x)
- Market cap: ~$45 billion to $50 billion
Credo trades at a steep premium to its earnings and sales, reflecting the speed of its AI-driven revenue ramp and high margins. The trailing P/E has been well over 90x, with a lower forward multiple as analysts model continued growth. At this valuation the stock is sensitive to any slowdown in hyperscaler AI spending or a stumble at a major customer.
Who competes with Credo Technology Group Holding (CRDO)?
Large connectivity and custom-silicon vendors
Broadcom (AVGO) and Marvell (MRVL) are the biggest competitors, both supplying SerDes, retimers, optical DSPs, and custom data-center silicon at far larger scale than Credo. They have deep hyperscaler relationships and broad product portfolios, and both target the same high-speed connectivity demand inside AI data centers.
Connectivity specialists
Astera Labs (ALAB) is a newer, fast-growing specialist focused on data-center connectivity (PCIe and Ethernet retimers, smart cable modules) that overlaps with parts of Credo's lineup. The two are often compared as pure-play AI-connectivity names.
Optical and interconnect alternatives
For longer-reach links, optical transceiver and module makers (such as Coherent and Lumentum) and the broader optics supply chain compete with copper-based AECs. The balance between copper and optics at different distances shapes how much of the in-rack and rack-to-rack market AECs can capture.
How to invest in Credo Technology Group Holding (CRDO)
There are three common ways to get CRDO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so CRDO sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where CRDO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Credo Technology Group Holding (CRDO)
Credo Technology (CRDO) is a connectivity-chip company whose growth tracks hyperscaler AI spending, led by its ZeroFlap active electrical cables (AECs) that replace optics for short-reach links inside AI racks; fiscal 2026 revenue reached ~$1.3 billion, up from ~$437 million the prior year. If you believe AI data centers will keep demanding more bandwidth and that Credo's AEC and SerDes lead is durable, the question becomes sizing and overlap with other AI holdings, not timing; the risk is that a large share of revenue comes from a handful of customers, the valuation is rich, and bigger rivals are pushing into the same sockets.
More on Credo Technology Group Holding (CRDO)
Whether CRDO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CRDO a buy?, and where the stock could go from here in the CRDO stock forecast.
For income investors, whether CRDO pays a dividend and how the payout looks is covered in does CRDO pay a dividend?
Build a basket around CRDO with Walnut
Use Credo Technology Group Holding as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Credo Technology do?
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Credo designs high-speed connectivity products that move data inside AI and cloud data centers. Its main lines are active electrical cables (AECs, branded ZeroFlap), SerDes chips and IP, retimers, and optical DSPs. It sells mostly to hyperscale cloud operators and networking equipment makers, and AEC demand has been its fastest-growing business.
Is CRDO a good stock to buy right now?
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That depends on your goals, time horizon, and risk tolerance, and this is not advice. The bull case is rapid AI-driven revenue growth, high margins, and a lead in active electrical cables. The bear case is heavy customer concentration, competition from Broadcom and Marvell, sensitivity to AI capex cycles, and a premium valuation that leaves little margin for error.
How does Credo benefit from AI?
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AI data centers move enormous amounts of data between chips and racks, which raises demand for the cables, SerDes, retimers, and optical DSPs Credo makes. Its active electrical cables offer a lower-cost, lower-power way to handle short-reach links inside AI racks. Rising link speeds and bigger clusters have driven Credo's revenue up sharply.
Does CRDO pay a dividend?
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No. Credo does not pay a dividend and has reinvested in growth instead, which is common for a company scaling revenue this quickly. Investors in CRDO are positioned for potential share-price appreciation rather than income. Whether the company introduces a dividend later would depend on how cash generation and growth priorities evolve.
Why is CRDO's valuation so high?
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Credo trades at a steep premium, with a trailing P/E that has been well above 90x as of June 2026, because revenue roughly tripled in fiscal 2026 and margins are high. Investors are paying for expected future growth tied to AI data-center buildout. A rich multiple also means the stock can fall hard if growth slows or a key customer pulls back.
Who are Credo's main competitors?
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The largest competitors are Broadcom (AVGO) and Marvell (MRVL), which supply connectivity silicon at much greater scale. Astera Labs (ALAB) is a newer connectivity specialist that overlaps with Credo. For longer distances, optical transceiver makers like Coherent and Lumentum compete with copper-based active electrical cables.
What is the risk of customer concentration at Credo?
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A large share of Credo's revenue has come from a small number of hyperscale customers, and in some quarters a single customer has accounted for the majority of sales. That concentration means an order slowdown, design loss, or capex pause at one account can move results sharply. Watching how broadly Credo diversifies its customer base is important.
Which ETFs hold CRDO?
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Credo is held by various semiconductor and small- to mid-cap growth ETFs, and its weight in broad-market funds is small relative to mega-cap chipmakers. Semiconductor-focused funds give more concentrated exposure to the connectivity and AI-infrastructure theme. Checking a specific fund's current holdings is the way to confirm CRDO exposure and weight before investing.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Credo Technology Group Holding 's investor relations page or your broker before making investment decisions.