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What’s Behind the Soaring Stock Price of Credo Technology Group Holding Ltd. (CRDO) Today?


Credo Technology Group Holding Ltd. (NASDAQ:CRDO) was one of the top performers in the stock market on Wednesday, rallying for a second day and finishing 9.62 percent higher. The company’s stock price reached $47.53 as investors continued to flock to safer assets such as AI stocks. CRDO also announced its participation in the upcoming NVIDIA GTC 2025 conference in California, where it will showcase products supporting AI growth. Despite its strong performance, CRDO ranks 7th on the list of stocks skyrocketing that day. While CRDO shows promise as an investment, there are other AI stocks that may offer higher returns in a shorter period. Investors interested in AI stocks should consider exploring options beyond CRDO. For more information on the best AI stocks to buy, check out Insider Monkey’s report. This article originally appeared on Insider Monkey and does not have any disclosed connections with the mentioned companies.

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