CRDO shares plunge 8.65% after Q1 beat, valuation weighs
Credo Technology Holding shares fell 8.65% in regular trading Tuesday despite beating Wall Street expectations for its fiscal first quarter. Investors focused on future growth pace and the stock’s lofty valuation.
Credo Technology Holding shares plunged on Tuesday despite the AI connectivity company beating Wall Street expectations for its fiscal first quarter, with investors appearing more focused on the pace of future growth and the stock’s lofty valuation.CRDO stock fell 8.65% in regular trading and dropp…