Credo jumps on Needham ‘Top Pick’ call — AI stock traders size up CPI week
Credo Technology Group jumped 6.2% to $150.42 Friday after Needham named it a “Top Pick” and set a $220 target. The S&P 500 and PHLX semiconductor index both closed at record highs. Nvidia slipped 0.1%, AMD fell 0.7%, while Broadcom gained 3.7%. Investors await key inflation data next week after delays from last year’s government shutdown.