On August 27, Credo Technology Group Holding Ltd rose 5.98% in regular trading, trading at $242.03/share, with turnover of $104 million.

On the news front, NVIDIA reported fiscal Q2 revenue of $96.2 billion, up 106% year-over-year, beating market estimates of $92.38 billion. More critically, management provided unprecedented forward guidance indicating fiscal 2028 revenue growth of approximately 70%, far exceeding the Street consensus of 45%, sending a strong signal that AI compute demand is far from peaking.

As a core supplier of high-speed optical interconnect solutions for AI data centers, Credo Technology directly benefits from the accelerating buildout of GPU clusters and the 800G-to-1.6T upgrade cycle. The company is set to report earnings on September 1, with consensus expecting revenue growth of 146.60% year-over-year. NVIDIA's results and supply-constrained outlook reinforced confidence in the optical communications supply chain, with NVIDIA up 5.6% and Marvell Technology up 1.4% on the same session.

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