On May 26, Credo Technology rose 5.2% in pre-market trading, trading at $229.78/share, with trading volume of approximately $8.41 million.

The rally was driven by a combination of strong earnings expectations ahead of its upcoming quarterly report and a continued oversold recovery. Credo Technology is scheduled to report earnings on June 1, with consensus estimates projecting revenue of $432 million, representing year-over-year growth of 169.77%, and adjusted EPS of $1.03, up 273.01% year-over-year. The company reported Q1 revenue of $407 million with a 201.5% surge, as its AEC active electrical cable business became a data center standard with order backlog exceeding $1.5 billion.

Additionally, Jefferies previously added Credo to its top picks list, noting that active electrical cable penetration remains in its early stages, supporting sustained growth. The stock had previously declined over 20% across six consecutive trading sessions due to concentrated insider selling and profit-taking in the optical communications sector. Since May 19, oversold recovery momentum has been steadily building. As a core participant in AI high-speed connectivity, Credo's prior drawdown significantly exceeded semiconductor peers, resulting in relatively stronger rebound elasticity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)