MaxLinear's 31% pullback tests whether booming AI data-center demand can outweigh supply constraints, rising costs and a stretched valuation.
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Chip stocks are on the move, inching higher to shake off some recent losses. The PHLX Semiconductor Index is up 1.3%, with 27 of its 30 stocks in the green despite the broader market sell-off fueled by a reignited U.
In late June 2026, Credo Technology Group Holding was added to several larger Russell benchmarks, including the Russell 1000, Russell Midcap, and Russell 1000 Growth and Dynamic indices, while being removed from smaller-cap indices such as the Russell 2000 and Russell 2500. This shift into larger-cap and growth-oriented indices coincided with strong AI-driven connectivity demand, positive fiscal 2026 results, and an ambitious outlook for its copper and optical portfolios. We’ll now examine...
Q4 revenue of $437 million matched all of FY2025 in a single quarter
Roth Capital hiked the price target on Credo Technology to $300 from $200 and maintained a ‘Buy’ rating on the shares.
Credo Technology shares fall even as revenue, earnings per share and forward guidance all come in ahead of expectations.
Credo Technology stock declines despite better-than-expected earnings. The stock has rallied 157% since bottoming at the end of March.
Chip stocks tied to the buildout of data centers for artificial intelligence fell Tuesday on a negative report about OpenAI.
Insiders have sold shares in Photronics, Credo Technology, and CoreWeave in Q2, but the implications vary significantly across all three AI-linked stocks.