Credo Technology Group Stock Hits All-Time High on Soaring AI Products Demand

Key TakeawaysCredo Technology Group Holding beat second-quarter profit and sales estimates as the boom in artificial intelligence boosted demand for its connectivity solutions for data centers.The company also predicted better-than-expected current-quarter revenue.Shares of Credo traded at an all-time high Tuesday. Shares of Credo Technology Group Holding (CRDO) soared 40% to an all-time high Tuesday, a day after the provider of high-speed connectivity solutions for data centers posted better-than-expected ...