Credo shares jump after Jefferies coverage and DustPhotonics acquisition announcement

Credo Technology shares rose on Monday after Jefferies began coverage with a Buy rating and said investor concerns may not match the company’s long-term growth outlook in artificial intelligence infrastructure. The stock also gained after Credo announced it will acquire DustPhotonics.
The DustPhotonics deal is expected to help Credo expand further into silicon photonics and next-generation optical connectivity for data centers. Several reports said the acquisition could broaden Credo’s product portfolio for high-speed connectivity, and one report noted the shares were up more than 20% at one point following the announcement.
The move comes as investors continue to debate whether copper-based connectivity solutions can keep up with demand in AI data centers or whether optical technologies will take a larger share of the market.

The shares rose after Jefferies started coverage with a Buy rating and after Credo announced it would acquire DustPhotonics.

DustPhotonics is an optical transceiver technology company.

It gives Credo a bigger push into silicon photonics and optical connectivity products used in data centers.

Investors are debating whether copper-based connectivity or optical technology will be more important in AI data centers.

Invezz

Shares of Credo Technology rose 11% on Monday after Jefferies initiated coverage with a Buy rating, highlighting what it called a disconnect between investor concerns and the company's long-term growth prospects in artificial intelligence infrastructure. The stock move comes amid an ongoing debate o...

Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CRDO #WeConnect--Credo Agrees to Acquire DustPhotonics, Accelerating Expansion into Silicon Photonics and Next Generation Optical Connectivity.

Seeking Alpha

Credo Technology Group Holding Ltd surged over 20% after acquiring DustPhotonics, transforming into a vertically integrated optical connectivity platform with exposure across major speed tiers. CRDO's fundamentals remain solid, and the YTD lacks fundamental backing. Customer concentration (88% of 3Q...

Schaeffers Research

The shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) are 12.5% higher to trade at $151.12 at last check, after the semiconductor company announced it will acquire optical transceiver technology name DustPhotonics.

Investors Business Daily

Credo Technology stock soared on news that it is acquiring DustPhotonics to diversify its product portfolio for high-speed connectivity in data centers.

Market Watch

Bringing silicon photonics technology in-house will improve supply chain and cost structure, one analyst said.

Seeking Alpha

Credo Technology Group Holding Ltd (CRDO) DustPhotonics Ltd - M&A Call Transcript

The Motley Fool

Credo is making a big move into silicon photonics. Management sees over $500 million in optical revenue in fiscal 2027.

Zacks Investment Research

Credo Technology Group (CRDO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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