Credo Technology (CRDO) Hits All-Time High as Ex-Nvidia Exec Joins Board

Core Insights - Credo Technology Group Holding Ltd (NASDAQ:CRDO) reached an all-time high stock price following the appointment of Brian Kelleher, a former Nvidia executive, to its board of directors, which is seen as a strategic move to bolster the company's expansion in chip and AI systems [1][3]. Stock Performance - During intra-day trading, CRDO's stock price peaked at $193.5 before closing at $187.6, reflecting a 12.6% increase for the day [2]. Leadership Change - Brian Kelleher was appointed as an independent director effective October 27, replacing Lip-bu Tan, who resigned on October 23 to become the CEO of Intel Corp [3]. Expertise Contribution - Kelleher's extensive experience in designing complex semiconductors and AI systems is expected to significantly benefit Credo Technology, particularly in advancing high-speed connectivity solutions [4][5].