What smart money is saying about Credo Technology
CRDO · Technology · Semiconductors · Market cap $31.81B
4 funds in our archive have pitched Credo Technology — most recently TimesSquare U.S. Mid Cap Growth in September 2026.
Company profile
Credo Technology Group Holding Ltd (CRDO) specializes in delivering advanced high-speed connectivity solutions for both optical and electrical Ethernet applications. Its operational reach extends globally, encompassing the United States, Mexico, Mainland China, Hong Kong, and various other international regions. The company's product offerings include integrated circuits (ICs), active electrical cables (AECs), and SerDes chiplets, all developed utilizing its proprietary serializer/deserializer (SerDes) and digital signal processor (DSP) technologies. Beyond hardware, Credo also provides intellectual property (IP) solutions, particularly focusing on SerDes IP licensing. Established in 2008, the firm's corporate headquarters are situated in San Jose, California.
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18
Reported positions
3
Bought
7
Sold
21
Letters
Position history
Between Q2 2026 and Q3 2026, 18 fund letters reported a position in Credo Technology — 3 opened or added to the position, 7 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 2 | 2 | 1 |
| Q2 2026 | 13 | 1 | 5 | 3 |
Fund activity · 18 positions · 10 moves
- September 2026
“During the quarter we exited life sciences tools provider Bio-Techne following its announced acquisition by Merck KGaA. Bloom Energy and Credo Technology saw their market caps eclipse what we believed to be an appropriate level for a SMID strategy, and we subsequently exited the positions.”
Credo Technology - September 2026
“We used AI-related volatility to scale positions in networking companies like Lumentum, Credo Technologies and Astera Labs, broadening our AI exposure within technology.”
Credo Technology - September 2026
“Credo Technology CRDO develops high-speed connectivity components for data infrastructure. As its market capitalization outgrew our small cap range, we completed the exit we began last quarter.”
Credo Technology - New positionTimesSquare U.S. Mid Cap GrowthSeptember 2026
“Credo Technology CRDO develops high-speed connectivity components for data infrastructure. As CRDO’s market capitalization grew, we began initiating a mid cap position in this stock we’ve owned in our small cap strategy for years.”
Credo Technology - September 2026
“Credo Technology Group Holding (CRDO) more than doubled its revenue from a year ago, but its shares slid amidst high consensus expectations.”
Credo Technology - June 2026
“PORTFOLIO UPDATE Class A shares of the Alger Small Cap Focus Fund outperformed the Russell 2000 Growth Index during the second quarter of 2026. Nebius Group, Credo Technology Group, and Guardant Health, Inc. were among the top contributors to performance.”
Credo Technology - June 2026
“Long Portfolio Summary In the second quarter, the long portfolio significantly outperformed both of our benchmarks, the Russell 2000 Index and the Russell Midcap Growth Index. There were a few large detractors at the end of the Q1 that have reversed in Q2 including our two biggest contributors in Q2 Credo Technology and Amplitech.”
Credo Technology - June 2026
“Portfolio Performance The ClearBridge SMID Cap Growth Strategy generated double-digit absolute returns but underperformed the soaring Russell 2500 Growth Index benchmark during the quarter, with underexposure to the highest-beta AI infrastructure winners as well as weakness in health care and consumer discretionary sectors more than offsetting strong contributions from several AI-related and biotechnology holdings. Information technology (IT) was a meaningful source of relative weakness despite strong performance from several individual holdings. Semiconductor companies including Allegro MicroSystems and Lattice Semiconductor, along with networking and semiconductor capital equipment providers such as Coherent, Credo Technology and Onto Innovation, benefited from demand tied to AI infrastructure, semiconductor cycle improvement, automation and cutting-edge AI applications.”
Credo Technology - New positionClearBridge Investments Growth StrategyJune 2026
“In addition to the transactions mentioned above, the Strategy initiated positions in Credo Technology and Lumentum in the IT sector.”
Credo Technology - June 2026
“Among the wide variety of Information Technology companies, we prefer critical system providers, specialized component designers, systems that improve productivity or efficiency for their clients, and others that are growing their shares of corporate IT budgets. Information Technology was the portfolio's largest positive contributor to relative return, led by a powerful rally across semiconductor and connectivity holdings tied to AI infrastructure demand. Credo Technology, a provider of high-speed connectivity solutions for data centers, soared 190% on surging hyperscaler demand for its active electrical cable products.”
Credo Technology - June 2026
“TOP CONTRIBUTORS Credo Technology Group Holding Ltd. was the largest contributor to relative performance, benefiting from accelerating demand for high-speed connectivity solutions used in AI data-center infrastructure.”
Credo Technology - June 2026
“We locked in gains across the complex, exiting Credo in full and materially reducing Astera Labs and Arm.”
Credo Technology - June 2026
“Astera Labs (+338%), whose retimers, switches and cabling keep GPUs talking to one another, and Credo (+188%) are the Fund’s most direct expressions. Credo’s round trip deserves record: down 33% last quarter on fears that co- packaged optics would displace its copper cables, we held (reliability and power favour copper over short distances) and it nearly tripled.”
Credo Technology - June 2026
“We locked in gains across the complex, exiting Credo in full and materially reducing Astera Labs and Arm.”
Credo Technology - June 2026
“Platform Hardware, Platform Software and Edge Compute: performance was again led by the Fund’s technology and AI-exposed basket, consistent with the broader market backdrop. Investor focus stayed firmly on earnings resilience, AI-related capital expenditure and the durability of demand across the digital infrastructure stack. Names such as Dell, Snowflake, CrowdStrike, Credo Technology, and Infineon were important contributors on the long side.”
Credo Technology - June 2026
“As noted above, Direct AI beneficiaries and a few other stocks in the portfolio rose sharply and in a number of instances prices raced ahead of fundamentals compressing future expected returns. We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely, and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).”
116 more words on why — unlock Granahan Investment Management Focused Growth Strategy’s full commentCredo Technology - June 2026
“Credo Technology (CRDO) was our top contributor during the quarter as the company re- ported solid results for its most recent quarter and, more importantly, raised full year Fiscal 2027 revenue guidance to at least 80% growth from previous guidance of at least 50% growth. Credo provides intra-rack connections for AI data centers. The company recently introduced optical products that expand its market opportunities and should continue to drive growth into the fu- ture. However, Credo’s market capitalization has exceeded the upper threshold of our portfolio, therefore we exited our position at the end of the quarter.”
Credo Technology - HoldsBridge City Capital Small Cap Growth CompositeJune 2026
“TOP CONTRIBUTORS IN Q2 2026 TOP DETRACTORS IN Q2 2026 Contribution2 Average Weight1 2.5%2.7%Sterling Infrastructure, Inc 1.8%1.7%Credo Technology Group Holdings, Ltd. 1.8%2.6%Onto Innovation Inc.”
Credo Technology
Also mentioned · 2
These funds discuss Credo Technology — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Relative performance faced a meaningful headwind from several index constituents whose market capitalizations exceeded the portfolio’s small-cap mandate. Credo Technology and Bloom Energy, neither of which we own, together reduced relative performance by approximately 256bps.”
Credo Technology - June 2026
“Credo Technology Group was among our largest relative detractors despite not being held in the Portfolio during the quarter.”
Credo Technology
Fund coverage · 4 theses
- TimesSquare U.S. Mid Cap GrowthSeptember 2026
Credo Technology develops data-infrastructure connectivity components and is seen as a key beneficiary of the AI build-out.
Read the full thesis - Liontrust GF Global Technology FundJune 2026
Credo Technology is owned because its copper cables and interconnect products remain favored for reliability and power efficiency as AI networking scales.
Read the full thesis - Deep Sail Capital PartnersJune 2026
Credo Technology Group Holding Ltd is viewed favorably for its ZeroFlap optics platform, Dust Photonics acquisition, and attractive growth-and-valuation profile.
Read the full thesis - Alger Small Cap Focus FundJune 2026
Credo Technology supplies high-speed connectivity products for AI data centers, benefiting from rapid growth and expanding product capabilities.
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