On August 27, Credo Technology Group Holding Ltd rose 5.08% in pre-market trading, trading at $238.025/share, with turnover of approximately $1.03 million.

On the news front, NVIDIA reported Q2 FY2027 earnings after market close on August 26, with revenue of $96.2 billion, up 106% year-over-year, surpassing market estimates of $92.38 billion. Adjusted EPS came in at $2.22, up 120% YoY. More critically, management guided Q3 revenue of $105.8 billion to $110.2 billion, above consensus, and projected FY2028 revenue growth of approximately 70%, well above the prior market estimate 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 Group Holding Ltd directly benefits from expanding data center capital expenditure. The company is scheduled to report its own quarterly earnings on September 1, with consensus expecting revenue of $470 million, representing 146.60% year-over-year growth. Sector peers also rallied in pre-market, with Coherent up 3.65% and Lumentum up 3.53%.

(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.)