Key Points Credo Technology stock dropped 28% in two weeks, but there's no company-specific bad news behind the pullback. The stock's high beta of 2.7 means double-digit swings are normal for this volatile growth name. This high-priced stock is not for everyone, but long-term investors with strong stomachs may find this dip worth buying. 10 stocks we like better than Credo Technology Group › Credo Technology Group (NASDAQ: CRDO) has had a rough couple of weeks. Shares dropped nearly 12% in just f ...

Company Developments - Walmart shares increased following the announcement of a partnership with OpenAI, enabling customers to purchase goods through ChatGPT [4][5] - Wells Fargo shares rose after the bank exceeded profit forecasts and raised its profitability guidance, following the lifting of a growth cap imposed due to a fake account scandal [4] - Domino's Pizza shares gained after reporting earnings and revenue that surpassed analysts' estimates, driven by successful promotions and demand for its stuffed crust pizza [3] Market Trends - Major U.S. equities indexes rebounded from earlier losses, with the Dow and S&P 500 slightly higher, while the tech-heavy Nasdaq remained relatively unchanged [2][5] - Intel shares fell significantly after a downgrade by Bank of America analysts from "neutral" to "underperform," citing that the stock had risen "too far, too fast" due to optimism surrounding recent AI deals [2][5] - Arista Networks shares declined following Nvidia's announcement that Meta Platforms and Oracle would utilize its data center switches, intensifying competition [3]