CRDO Stock Today: Credo Technology Soars After Siemon Patent Deal as AI Data Center Demand Surges (November 25, 2025)

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Credo Technology Group (NASDAQ: CRDO) stock is back in the spotlight after a double‑digit jump linked to a new patent licensing deal with The Siemon Company. Here’s what’s driving CRDO today, how it fits into the AI data center boom, and what to watch heading into the December 1 earnings report.

Key Takeaways

CRDO shares jumped roughly 13% on Monday, November 24, with the stock trading around the $150–151 level after a volatile session that saw an intraday swing of about 11%. ^[1]
The move followed a new patent licensing agreement with The Siemon Company covering Credo’s active electrical cable (AEC) technology, announced via Business Wire and Credo’s own newsroom. ^[2]
Even after recent pullbacks from the 52‑week high of $193.50, CRDO is still over 400% above its 52‑week low of $29.09, and about 22% below its late‑October peak, underscoring how explosive the 2025 rally has been. ^[3]
Fundamentally, Credo is in hyper‑growth mode: last reported quarterly revenue was $223.07 million, up ~274% year over year, with EPS far above analyst consensus. ^[4]
The company has a string of AI‑focused catalysts – new products like the Weaver memory fanout gearbox, joining Arm’s Total Design ecosystem, and now the Siemon AEC patent license – all feeding into the AI data center build‑out narrative. ^[5]
Valuation is very rich: with trailing‑12‑month revenue just over $600 million and market cap north of $20 billion, Credo trades at a lofty price‑to‑sales multiple well above typical semiconductor peers. ^[6]
Next major catalyst: Q2 FY2026 earnings on Monday, December 1, 2025, with consensus calling for around $0.49 EPS and roughly $230–235 million in revenue. ^[7]

CRDO Stock Today: Where the Share Price Stands

As trading gets underway on Tuesday, November 25, 2025, Credo Technology Group Holding Ltd (NASDAQ: CRDO) is coming off a powerful Monday session that saw the stock surge roughly 13%, from about $133.5 to around $150–151 per share. ^[8]

According to multiple market‑data providers, Monday’s session featured: ^[9]

Intraday range: roughly $137.00 to $152.0+
Volume: about 16 million shares, roughly triple typical daily levels
One‑year performance: over 200% gain in the last 12 months

From a longer‑term perspective, Credo is trading in the upper portion of a very wide range: ^[10]

52‑week high: $193.50 (set on October 31, 2025)
52‑week low: $29.09 (April 7, 2025)
Latest close around $150–151 leaves the stock ~22% below its peak but more than 400% above the low

That backdrop sets the stage for today: CRDO enters Tuesday’s trade as a high‑beta AI infrastructure name, already priced for exceptional growth and now riding fresh headlines around its intellectual property.

Today’s Big Story: AEC Patent License Deal With The Siemon Company

The core news driving Credo’s latest move is a patent licensing agreement with The Siemon Company.

What was announced?

On November 24, 2025, Credo issued a Business Wire press release titled “Credo Licenses Its Active Electrical Cable Patents To The Siemon Company.” ^[11]

Key points from the announcement:

Credo has licensed patents covering its active electrical cable (AEC) technology to The Siemon Company.
The companies issued a joint statement confirming the agreement; financial terms are confidential, so the market is inferring value rather than modeling a disclosed royalty stream. ^[12]
The deal centers on AEC technology used in high‑speed Ethernet, 100G to 800G today and 1.6T in emerging deployments, a segment where both Credo and Siemon are active in data center connectivity. ^[13]

Who is The Siemon Company?

Siemon is a privately held U.S. networking and infrastructure specialist founded in 1903 and best known for its structured cabling, high‑density copper and fiber systems, and data center connectivity hardware. ^[14]

For Credo, partnering with a global cabling leader that serves hyperscale data centers, enterprises and smart buildings could: ^[15]

Expand the addressable market for its AEC intellectual property
Potentially create recurring royalty or licensing revenue over time
Deepen Credo’s reach into AI‑focused data center builds, where Siemon is already designing 400G/800G and next‑gen 1.6T solutions

How markets reacted today (November 25)

Since the Business Wire release hit on Monday morning U.S. time, newswires and financial media have been amplifying the story through today:

Investing.com highlighted that Credo stock jumped about 10–11% after the licensing announcement, noting the reaction as part of broader chip‑sector strength. ^[16]
MarketScreener and Financial Times’ announcements page both carried summaries of the deal, tying the stock’s move directly to the patent license news. ^[17]
Yahoo Finance, Barchart and StockAnalysis all show the Business Wire release as the primary company‑specific headline on CRDO’s quote page today. ^[18]
MarketBeat published an explainer titled along the lines of “Shares Up 10% – Here’s What Happened”, pointing to the Siemon agreement as the main catalyst and updating investors on the fundamental backdrop. ^[19]

In short, today’s news flow is dominated by interpretations of this licensing deal – what it might mean for future IP monetization and how it fits into Credo’s already‑crowded pipeline of AI‑related growth drivers.

Fundamental Backdrop: Hyper‑Growth Ahead of Q2 Earnings

The licensing news lands on top of what has already been a breakout year fundamentally for Credo.

Recent quarter: Q1 FY2026 blowout

For the quarter ended July 2025 (Credo’s Q1 FY2026), the company reported: ^[20]

Revenue: $223.07 million
- Up about 273% year over year versus ~$59.7 million in the prior‑year quarter
Adjusted EPS:$0.52, decisively above the Zacks consensus of $0.35
Consistent beats: Credo has topped consensus revenue and EPS estimates in each of the last four quarters

Analysts have repeatedly pointed to surging AI and cloud data center demand for Credo’s SerDes‑based connectivity products, active electrical cables and optical DSPs as key drivers of that growth. ^[21]

FY2025: record year with strong balance sheet

Looking slightly further back, a June 24, 2025 press release on Q4 and full‑year FY2025 results showed just how steep the ramp has been: ^[22]

Q4 FY2025 revenue: $170.0 million, up ~180% year over year and nearly 26% sequentially
Q4 GAAP net income: $36.6 million; non‑GAAP net income $65.3 million
Full‑year FY2025 revenue: $436.8 million, up ~126% versus the previous year
Cash and short‑term investments: about $431 million, giving Credo meaningful firepower for R&D, M&A and capacity

This combination of triple‑digit revenue growth, expanding profitability and a cash‑rich balance sheet underpins much of the bullish narrative around CRDO.

Strategic AI Catalysts Beyond Today’s Licensing News

The Siemon agreement is only one piece of a broader AI‑driven story that has been unfolding throughout 2025.

1. Joining Arm Total Design for custom AI data center silicon

In October 2025, Credo announced it had joined Arm’s Total Design ecosystem to help enable custom AI data center chips. ^[23]

Credo is contributing its high‑speed SerDes and mixed‑signal DSP IP, including chiplets, to Arm’s Neoverse‑based compute subsystems. ^[24]
The partnership aims to accelerate custom silicon for AI, cloud and hyperscale data centers, a space where customers increasingly want tailored, high‑bandwidth, low‑power solutions. ^[25]

Media and analyst coverage at the time noted that the Arm partnership helped drive sharp price spikes and fresh record highs in CRDO earlier this year, cementing its reputation as an AI data‑center “picks and shovels” play. ^[26]

2. Weaver: a new memory fanout gearbox for AI inference

On November 3, 2025, Credo introduced Weaver, described as the industry’s first “memory fanout gearbox” targeting AI inference workloads. ^[27]

According to the Business Wire release, Weaver:

Boosts memory bandwidth and density, enabling up to 6.4 TB of memory and 16 TB/s of bandwidth using LPDDR5X, leveraging Credo’s 112G very short reach (VSR) SerDes. ^[28]
Aims to address the “memory wall” that increasingly constrains large AI models, shifting bottlenecks from compute to memory throughput and capacity.
Is the first product in the OmniConnect family, a roadmap meant to help scale AI infrastructure while keeping power and cost in check. ^[29]

Weaver’s availability is slated for 2H 2026, but the announcement reinforced expectations that Credo can extend beyond pure connectivity into broader AI platform components.

3. Corporate and board moves

Other recent corporate developments add to the narrative:

Brian Kelleher, a former senior VP of engineering at NVIDIA, joined Credo’s board in October 2025, a move widely interpreted as strengthening AI‑centric leadership at the company. ^[30]
On November 18, Credo announced that CEO Bill Brennan joined the board of Axiado, a security‑focused chip company, signalling deeper ties across the semiconductor ecosystem. ^[31]

Taken together, these steps support the idea that Credo is positioning itself at the heart of AI data center infrastructure, not just as a peripheral component vendor.

Wall Street View, Valuation and Volatility

Analyst ratings and targets

MarketBeat and other aggregators currently show a largely bullish Wall Street stance on CRDO: ^[32]

The consensus rating sits around “Moderate Buy” / “Strong Buy.”
Analysts’ average 12‑month price target clusters around the low‑to‑mid $130s, with several high‑profile firms lifting targets into the $150–$175 range in recent months as AI momentum accelerated.

With the stock now trading above many published targets after Monday’s spike, the market is clearly pricing in more than the average analyst was expecting a few months ago.

Rich multiples

On the numbers side, valuation is undeniably aggressive: ^[33]

Revenue (TTM): about $600 million
Market cap: over $20–25 billion, depending on data provider and intraday price
Implied price‑to‑sales ratio: comfortably north of 30x, well above broader semiconductor averages
Some services show a trailing P/E well over 150 and a forward P/E north of 70, reflecting expectations of continued explosive earnings growth.

Investors bullish on CRDO tend to argue that AI data center connectivity is still in the early innings, and Credo’s SerDes, AECs, chiplets and now memory fanout solutions give it a unique, high‑margin niche. Skeptics, meanwhile, focus on valuation risk, cyclicality in semis and the possibility of competition compressing margins over time.

Technicals and near‑term trading setup

Short‑term trading services portray Credo as a high‑volatility, high‑risk name into today’s session: ^[34]

StockInvest.us notes that CRDO showed an 11% intraday swing on Monday, with the stock moving between roughly $137 and $152, and describes it as “high risk” due to large daily ranges.
Their models expect Tuesday’s trading range to be wide again (roughly $144–158 based on recent volatility) and point to support around $137 and heavy resistance near $164.
Interestingly, their system still flags CRDO as a short‑term “sell candidate” despite recent gains, reflecting a cautious stance on risk/reward at these levels.

Add in the fact that CRDO has logged dozens of new 52‑week highs in 2025, and you get a stock where small news items can quickly snowball into large moves. ^[35]

Options and institutional activity

Recent data also show elevated options and institutional interest:

A TipRanks / TheFly note highlighted unusual put activity in CRDO, with over 9,000 put contracts trading in one session, a put/call ratio of 2.5+, and heavy focus on strikes around $75 and $160 – suggesting some traders are either hedging or speculating on volatility around current levels. ^[36]
MarketBeat’s institutional‑holding updates through November show a steady flow of 13F filings where asset managers like Segall Bryant & Hamill and others have been building or adjusting CRDO positions, underscoring its growing profile in professional portfolios. ^[37]

What to Watch on November 25 — and into the December 1 Earnings Call

1. Follow‑through after the Siemon deal

For today’s trade (November 25), investors are watching whether:

Monday’s double‑digit move is followed by continued institutional buying, or
Short‑term traders lock in profits, leading to a typical “gap‑and‑fade” pattern that has occasionally appeared after big CRDO news days. ^[38]

Given the lack of disclosed financial terms, the market is essentially pricing expectations:

Bulls may view the deal as validation of Credo’s AEC IP moat and a precursor to additional licensing arrangements with other hardware partners. ^[39]
Bears may see it as incremental rather than transformational, arguing that the sharp price reaction reflects an already stretched valuation rather than a new earnings step‑change.

2. Build‑up to Q2 FY2026 earnings (December 1, 2025)

Credo has already announced it will report Q2 FY2026 results and host a conference call on Monday, December 1, 2025 at 2:00 p.m. Pacific Time. ^[40]

Consensus expectations heading into that report include: ^[41]

EPS: around $0.49
Revenue: roughly $230–235 million

Given Credo’s history of beating estimates, many traders are watching for:

Any slowdown in the growth rate after the explosive 273% YoY quarter
Updated commentary on AI and cloud data center demand, including the pace of 800G and early 1.6T deployments
Early hints on how new initiatives — the Arm Total Design partnership, Weaver, and the Siemon license — might contribute to revenue in 2026 and beyond

3. Macro and sector context

Today’s moves also sit within a wider chip‑sector rally:

Recent coverage noted that Credo and Broadcom have been leading chip stocks higher at the start of this holiday‑shortened week, helped by sentiment around interest rates and continued AI demand. ^[42]

If the broader semiconductor and AI infrastructure trade remains strong, CRDO can ride the tailwind. If macro sentiment turns, its high‑beta profile and premium valuation could make it more sensitive on the way down.

Bottom Line

For November 25, 2025, the central story around Credo Technology Group stock is the new AEC patent licensing deal with The Siemon Company and the market’s enthusiastic reaction to it.

The agreement reinforces Credo’s role as a key supplier of high‑speed connectivity technology to next‑generation AI data centers. ^[43]
It adds another strategic partnership to a year already filled with AI‑oriented milestones, including joining Arm Total Design and launching the Weaver memory fanout gearbox. ^[44]
At the same time, CRDO trades at lofty valuation multiples, with heavy options activity and technical indicators pointing to heightened volatility in the near term. ^[45]

For investors and traders following the name today, the focus is likely to stay on:

Whether the stock can hold recent gains above the $145–150 area,
Any new analyst reactions or target revisions following the licensing news, and
Guidance and commentary in the upcoming December 1 earnings call, which will ultimately determine whether the current price fully, under‑, or over‑discounts Credo’s AI‑driven growth story.

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. All market data and estimates are based on publicly available information as of November 25, 2025 and may change without notice.

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