11 AI News That You Should Not Miss

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

Number of Hedge Fund Holders: 30

Credo Technology Group Holding Ltd (NASDAQ:CRDO) provides high-speed connectivity solutions for optical and electrical Ethernet applications, which is essential for AI-driven data processing in hyperscale and HPC markets.

On December 17, Susquehanna analyst Christopher Rolland started coverage of Credo Technology (NASDAQ:CRDO) with a Neutral rating and an $80 price target, as per The Fly. The analyst highlighted Credo’s strong position in high-performance data center connectivity, addressing the transition to faster interconnects fueled by AI and cloud computing. While acknowledging the company’s long-term growth potential, the firm noted that the recent surge in the stock price following earnings makes its valuation less attractive at current levels.

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