Credo Technology Group is trading 7.8% down at $191.68 as its sharp post-earnings and AI-infrastructure rally continues to unwind amid heavy profit-taking.
- The stock is facing significant valuation pressure after a multi-session surge, while high-beta chip names broadly sell off following TSMC’s higher capex outlook.
- Today’s decline extends a steep pullback over the past week, with the company closely tracking weakness in semiconductor peers and sector-wide AI cost concerns.