On June 15, Credo Technology Group Holding Ltd rose 5.21% in pre-market trading, trading at $262.0/share, with turnover of $4.126 million.

On the news front, the semiconductor sector staged a strong broad-based rebound, with Micron Technology up over 8%, Marvell Technology up over 5%, and Advanced Micro Devices up nearly 5%, providing upward momentum for Credo. The stock had pulled back 5.27% in the prior trading session, and the sector-wide rally triggered a technical recovery. Additionally, support persists from multiple Wall Street institutions recently raising their target prices on the company — Needham to $275, JPMorgan to $250, and Roth Capital to $300 — following the company's strong fiscal Q4 results, which showed revenue surging 157% year-over-year to $437 million with adjusted EPS of $1.16, beating consensus by 12.6%.

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