Chip Stock Soars to Record Highs After Blowout Q2 Report

Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) are surging this morning, up 22% to trade at $208.35 at last check, earlier hitting a record high of $213.80. The semiconductor name is enjoying a post-earnings pop, after its fiscal second-quarter earnings, revenue, and sales all beat estimates. In fact, revenue for Q2 surged a whopping 272%.CRDO has been on a tear up the charts, up 216% in 2025. The equity quickly bounced off the 120-day moving average following a brief pullback late last month, w ...