Credo Technology Group Holding Ltd (NASDAQ: CRDO) wrapped up Christmas Eve’s holiday-shortened session with a modest rebound and a quieter tape than usual—exactly the kind of setup that can matter for a high‑beta AI infrastructure name heading into a thinly traded post‑holiday reopen.
The key detail many investors miss this week: U.S. markets are closed on Christmas Day (Thursday, Dec. 25, 2025) and the next full session is Friday, Dec. 26, 2025. NYSE notes that Dec. 24, 2025 was an early close (1:00 p.m. ET), with late trading sessions closing earlier than normal as well. [1]
Below is what happened in CRDO after the bell on Dec. 24, 2025, what drove the broader backdrop, and what to watch when liquidity returns (even if lightly) on Dec. 26.
CRDO stock’s Dec. 24 close: a holiday bounce with lighter volume
CRDO finished Dec. 24, 2025 at $150.19, up 1.61% on the day, after trading between $146.91 and $151.90. Volume was about 1.95 million shares, notably lower than many recent sessions—consistent with the holiday‑shortened calendar. [2]
For context on recent volatility: earlier this month CRDO hit an intraday high of $213.80 on Dec. 2, then saw a sharp drawdown and a series of big daily moves (both up and down) through mid‑December. [3]
That matters because thin holiday trading can exaggerate moves—and CRDO has already proven it can swing hard when sentiment shifts.
After-hours check: where CRDO traded “after the bell” on Dec. 24
In extended trading following the early close, CRDO was indicated around $150.37 (about $0.18 above the regular‑session close, roughly +0.12%). [4]
Two caveats that are especially important on Christmas Eve:
- After-hours liquidity is typically thinner than the day session, and holiday schedules can compress trading windows.
- Different data vendors can show slightly different prints depending on how they snapshot extended-hours trades.
The takeaway: the after-hours move looked incremental, not a major repricing event—but it does suggest buyers didn’t disappear immediately after the close.
The market backdrop: record highs into Christmas, and “AI” back in the conversation
CRDO didn’t trade in a vacuum. On Dec. 24, U.S. equities closed higher in a broad rally during the shortened session, with the Dow and S&P 500 at record closing highs. Reuters described a rebound in AI-related names after the prior week’s valuation-driven selloff, while noting holiday‑thin volumes and that the market remained shut for Christmas Day. [5]
AP similarly emphasized extremely light trading and explicitly noted markets reopen Friday (Dec. 26), though volumes may remain light as many investors have closed out positions for the year. [6]
This is relevant for CRDO because it trades like a momentum‑sensitive AI infrastructure lever: when “AI complex” risk appetite improves, CRDO often gets pulled into the rotation.
What was “new” on CRDO today: two headline themes dominated coverage
While there were no widely circulated company press releases dated Dec. 24 itself, today’s CRDO‑specific coverage centered on:
1) Institutional positioning: Swedbank AB trimmed its stake (13F-driven story)
One widely circulated item focused on Swedbank AB reducing its position in Credo, citing a filing that showed the firm cut its stake by about 25.2% in Q3, selling 471,040 shares and ending the quarter with about 1.402 million shares. [7]
How to interpret this before the next open:
- A 13F‑based reduction can reflect rebalancing, risk controls, or mandate changes, not necessarily a fresh fundamental call on the company.
- Still, in a high‑multiple AI name, institutional flows can amplify price swings around low-liquidity windows.
2) “Trading up—time to buy?” style wrap: price action + analyst recap
Another heavily shared wrap noted CRDO trading higher and summarized recent Street commentary and valuation metrics, including that trading volume on the day was well below average and that analyst coverage remains broadly constructive. [8]
This type of piece often matters less for “new information” and more because it feeds Discover-style distribution—bringing incremental retail attention to the ticker into the next session.
The fundamental anchor investors are still digesting: Credo’s Dec. 1 earnings and guidance
Even though that report wasn’t “today,” it remains the dominant fundamental driver of how investors frame CRDO—especially because it reset expectations for revenue scale in AI connectivity.
In its Dec. 1, 2025 earnings release (fiscal Q2 2026, ended Nov. 1, 2025), Credo reported:
- Revenue of $268.0 million (up 20.2% sequentially and 272.1% year-over-year)
- Non-GAAP diluted EPS of $0.67
- And an ending cash + short-term investment balance of $813.6 million [9]
Crucially, Credo guided for the following quarter (fiscal Q3 2026):
- Revenue expected between $335.0 million and $345.0 million [10]
That forward revenue range is the kind of number that keeps CRDO in the “AI infrastructure winners” conversation—because it implies rapid scaling and continued demand for high-speed connectivity components tied to hyperscale buildouts.
MarketWatch coverage earlier this month framed Credo as one of the year’s top-performing AI-adjacent names and highlighted how AI-driven connectivity needs have boosted networking-related stocks, with analysts pointing to strong growth and a big forecast. [11]
Analyst forecasts heading into Dec. 26: targets cluster in the low-$200s, but vary by source
If you’re checking “forecast” pages tonight, you’ll see a consistent message—analysts are largely bullish—but the exact average price target differs by data provider.
Here are three commonly cited snapshots:
- MarketBeat: average target about $206.85 (based on 16 analysts) with the high end at $250. [12]
- Investing.com consensus: 15 analysts; average 12‑month target around $211.6 (high $250, low $72) and a “Strong Buy” skew in their tally. [13]
- MarketWatch analyst estimates: average target price listed around $229.55 with a “Buy” average recommendation (ratings count differs from other aggregators). [14]
How to use this before the next open:
- Treat targets as directional sentiment, not precision tools.
- The spread between averages (~$207 vs ~$230) underscores that CRDO is still being repriced as analysts update models to reflect new revenue scale—and that different platforms refresh at different speeds.
Insider activity: what to keep on your radar (and what it may signal)
Recent reporting around Credo has also included insider-related headlines:
- One report described Credo’s CTO selling roughly 54,210 shares in multiple transactions dated Dec. 22, 2025, with total value around $8.29 million (based on the report’s summary of the transactions). [15]
- Another recap highlighted broader recent insider selling tallies over the prior 90 days and referenced sales by senior executives. [16]
Before Friday’s open, the practical question isn’t “insiders sold = bad” (it often isn’t, especially under 10b5‑1 plans), but:
- Are sales accelerating into strength?
- Are sales continuing after pullbacks?
- Is there any new Form 4 activity during the low-liquidity holiday window?
Those are sentiment inputs that can matter disproportionately in a momentum name.
Technical setup into the next session: key levels the market just defined
Without overcomplicating it, CRDO gave traders a clean set of near-term reference points on Dec. 24:
- Near-term support zone: around the day’s low $146.91 (and the general $147 area). [17]
- Near-term resistance zone: around the day’s high $151.90. [18]
- Bigger-picture reference: the early‑December spike that took CRDO above $200 intraday (high $213.80 on Dec. 2), which remains a psychological “prior peak” level. [19]
One technical model update (StockInvest) flagged the name as high‑volatility and noted negative signals in recent trading, even while acknowledging the Dec. 24 bounce—illustrating the push‑pull between momentum and mean reversion after large swings. [20]
What to know before the market reopens Friday, Dec. 26
Here’s the actionable checklist investors typically run through on a name like CRDO—especially after a holiday-shortened close:
1) Know the calendar and liquidity conditions
- Dec. 25: markets closed (Christmas).
- Dec. 26:full regular session, but volumes can remain lighter than normal. [21]
Low liquidity can mean:
- Bigger gaps at the open,
- Faster moves through stop levels,
- Wider spreads in options and in extended-hours pricing.
2) Watch “AI infrastructure” sentiment—not just semiconductor headlines
Reuters explicitly called out a rebound in AI-related names in the broader market narrative on Dec. 24. [22]
For CRDO, that’s often the difference between:
- A stock that trades on “valuation fear,” versus
- A stock that trades on “AI buildout demand.”
3) Re-anchor your thesis to Credo’s revenue guide
The market will continue to pressure-test whether Credo can execute against the scale implied by its $335M–$345M next-quarter revenue outlook. [23]
If news flow around hyperscaler capex, data center buildouts, or AI interconnect spending shifts, CRDO can react quickly.
4) Expect “target noise” to continue
Because CRDO moved so sharply in December, target revisions—up or down—can keep coming in waves, and different aggregators may not match. [24]
5) Risk management matters more in high-multiple names
Some valuation trackers put Credo at a very elevated earnings multiple (depending on the earnings basis used). [25]
You don’t need to “predict” the multiple—just recognize that when risk-off hits AI, high-multiple names often get repriced first.
Bottom line
CRDO ended Dec. 24, 2025 higher at $150.19 and was indicated slightly higher after-hours around $150.37, but the most important context is structural: holiday-thin trading, markets closed Dec. 25, and a Friday, Dec. 26 reopen that can still be liquidity‑light. [26]
The story heading into the next session remains the same: Credo is being priced as a high‑velocity AI connectivity winner—supported by its recent revenue scale and guidance—while sentiment is whipsawing across AI valuations, institutional positioning, and insider headlines. [27]
If you’d like, I can rewrite this in a more “wire-style” Google News tone (shorter sentences, tighter paragraphs, more neutral phrasing) or in a more Discover-optimized narrative style (stronger hook, more reader-facing framing) without changing any facts.
References
1. www.nyse.com, 2. stockanalysis.com, 3. stockanalysis.com, 4. www.investing.com, 5. www.reuters.com, 6. apnews.com, 7. www.marketbeat.com, 8. www.marketbeat.com, 9. investors.credosemi.com, 10. investors.credosemi.com, 11. www.marketwatch.com, 12. www.marketbeat.com, 13. www.investing.com, 14. www.marketwatch.com, 15. au.investing.com, 16. www.marketbeat.com, 17. stockanalysis.com, 18. stockanalysis.com, 19. stockanalysis.com, 20. stockinvest.us, 21. www.reuters.com, 22. www.reuters.com, 23. investors.credosemi.com, 24. www.marketbeat.com, 25. www.macrotrends.net, 26. stockanalysis.com, 27. investors.credosemi.com
