NEW YORK, Jan 3, 2026, 17:18 ET — Market closed
- Credo Technology shares closed down 0.5% on Friday, lagging a sharp rally in semiconductor ETFs.
- The company’s investor relations site listed a Form 144 filing dated Jan. 2, a notice that can precede insider stock sales.
- Investors are watching next week’s U.S. payrolls report and the company’s next results window penciled in for early March.
Credo Technology Group Holding Ltd shares ended Friday down 0.47% at $143.22, even as broader semiconductor ETFs rose strongly.
The underperformance matters now because Credo has become a closely watched play on high-speed data-center connectivity, a niche tied to spending on AI computing clusters. In that corner of the market, traders tend to react quickly to any signal that insiders may be reducing exposure. 1
It also comes as chip stocks have been swinging with shifts in risk appetite, leaving little room for disappointments in high-multiple names. Credo’s market capitalization is about $32.5 billion, and the stock trades at a triple-digit price-to-earnings multiple based on trailing results, according to market data.
On Friday, Credo traded between roughly $141 and $152 and finished near the lower end of that range. About 5.8 million shares changed hands, according to Nasdaq data.
By contrast, the iShares Semiconductor ETF rose about 4.2% and the VanEck Semiconductor ETF gained about 3.7%. Among large-cap peers tied to data-center spending, Marvell Technology rose about 5.2%, Nvidia gained about 1.2% and Broadcom added about 0.4%, while Astera Labs jumped about 7.9%.
A key company-specific item in the past 48 hours was a Form 144 dated Jan. 2 listed on Credo’s investor relations website. Form 144 is a U.S. Securities and Exchange Commission notice of a proposed sale of securities under Rule 144, which governs resales of restricted or control securities.
A Form 144 does not guarantee a sale will occur, but it is often read by traders as a precursor to potential insider selling. Credo’s site did not provide additional context in the listing itself beyond describing it as a Form 144 filing.
Credo last reported quarterly results on Dec. 1, when it posted revenue of $268.0 million for its fiscal second quarter ended Nov. 1, along with GAAP net income of $82.6 million and an ending cash and short-term investment balance of $813.6 million, the company said. 1
“In the second quarter Credo delivered revenue of $268.0 million,” CEO Bill Brennan said in that statement, adding that the results reflected “the continued build-out of the world’s largest AI training and inference clusters.” 1
Credo sells connectivity products used in high-speed Ethernet and data infrastructure, including solutions built on serializer/deserializer (SerDes) and digital signal processor (DSP) technologies. Those components move data at very high rates inside and between servers, switches and optical modules. 1
Before Monday’s open, investors will be watching whether the filing draws follow-through selling pressure after the weekend, and whether the chip sector’s strength holds. The next major macro test for growth stocks is the U.S. employment report due at 8:30 a.m. ET on Friday, Jan. 9, according to the U.S. Bureau of Labor Statistics schedule.
Beyond that, the next clear company catalyst is the next earnings update. The company has not confirmed a date, but third-party calendars such as Zacks have penciled in March 3, 2026.
Technically, traders are likely to keep an eye on Friday’s low near $141 as a near-term support area and the day’s high near $152 as a nearby resistance level, after the stock closed at $143.22.
For now, Credo’s setup is split: chip peers and semiconductor ETFs were broadly higher into the weekend, while Credo’s slight decline and the Form 144 notice kept the focus on positioning and insider-related signals rather than new product news.
