Credo Technology (CRDO) Surges 20.6% as Ex-Nvidia Exec Joins Board

Core Insights - Credo Technology Group Holding Ltd (NASDAQ:CRDO) experienced a significant stock surge of 20.6% week-on-week, reaching a new all-time high, following the announcement of a former Nvidia executive joining its board [1][3]. Company Developments - Brian Kelleher has been appointed as an independent director effective October 27, replacing Lip-bu Tan, who resigned on October 23 to become the CEO of Intel Corp [2][4]. - Kelleher's background includes serving as senior vice president of GPU Engineering at Nvidia, where he led GPU product development and contributed to the advancement of general-purpose GPU computing [4]. Industry Impact - The addition of Kelleher is expected to enhance Credo Technology's capabilities in designing and developing complex semiconductors and AI systems, which are crucial for the company's mission to advance high-speed connectivity solutions [3][4].