CRDO is trading about 4% down at $228.43, extending a sharp multi-session slide triggered by disappointing forward guidance in its recent fiscal Q4 earnings report.
- Investors remain cautious over future outlooks despite the company reporting strong AI-driven revenue growth.
- The stock is facing additional pressure from a broader semiconductor sector pullback affecting high-valuation names.
- Shares are also digesting a previous rally fueled by analyst price target hikes and general AI optimism.