10 Stocks Skyrocketing Today

7. Credo Technology Group Holding Ltd. (NASDAQ:CRDO)

Credo rallied for a second day on Wednesday, adding another 9.62 percent to finish at $47.53 each as funds continued to flock to safer assets such as Artificial Intelligence stocks to mitigate risks from the ongoing tensions between the United States and its trading partners.

Additionally, CRDO announced that it would participate in the upcoming NVIDIA GTC 2025 conference in California next week, where it is expected to showcase products aimed at supporting the growth of AI.

“[CRDO] will showcase its Toucan PCI Express (PCIe) Gen6.x/CXL3.x retimers in a full rack demo, highlighting their role in enabling scalable AI infrastructure. In addition, [CRDO]’s Associate Vice President of PCIe Product, Phil Kumin, will deliver a technical session on GPU disaggregation and PCIe scaling for AI workloads,” the company said.