BlackRock Inc. reduced its position in Credo Technology Group by selling over 5.4 million shares on June 30, 2026. The investment firm retains a substantial holding of more than 14.4 million shares following the transaction.
The sale follows Credo’s strong quarterly performance reported in late July 2026. The company surpassed both revenue and earnings expectations, earning a Zacks Rank #1 rating.
Credo specializes in high-speed connectivity solutions for artificial intelligence and cloud data centers. The company maintains a strong balance sheet and reports exceptional growth in both revenue and earnings.