NEW YORK, Jan 12, 2026, 15:19 EST — Regular session
Shares of Credo Technology Group Holding Ltd climbed 3.1% to $155.10 in Monday afternoon trading, bouncing between $145.35 and $156.43 earlier. The Nasdaq-listed company, with a market cap near $32.5 billion, trades at a triple-digit trailing price-to-earnings ratio as AI-driven semiconductor enthusiasm pushes valuations higher.
Credo’s recent rally is significant given its role in data center infrastructure, where it sells high-speed connectivity equipment built to handle growing data loads while cutting power use. That niche is often viewed by investors as a gauge for how long major cloud and AI clients will sustain their spending. (Reuters)
Traders are eyeing a key event this week: the company will present at Needham & Company’s Growth Conference in New York on Wednesday morning. CEO Bill Brennan and CFO Dan Fleming are set to speak, according to the company. (Nasdaq)
Credo’s move coincided with strength across the chip sector. The iShares Semiconductor ETF rose around 0.6%, Nvidia edged up about 0.6%, and data-center connectivity player Astera Labs surged roughly 6.7%.
The noise is ramping up this week. Taiwan Semiconductor Manufacturing Co is set to reveal a 27% rise in fourth-quarter net profit, a key indicator of whether AI momentum is holding strong. IDC’s Galen Zeng pinpointed the “explosive growth” in the AI server accelerator market as the “main driver.” (Reuters)
TSMC’s calendar marks its fourth-quarter earnings call for Thursday, Jan. 15, at 1:00 a.m. Eastern time. This report usually influences sentiment among suppliers and across the semiconductor sector. (TSMC)
Credo last provided a major company update in December with its fiscal second-quarter results, reporting $268.0 million in revenue and projecting $335 million to $345 million for the fiscal third quarter. Brennan attributed the quarter’s performance to the ongoing expansion of large AI training and inference clusters. (Credo Technology Group)
This week, investors are tuned in for any shifts in trajectory — be it demand signals, product rollouts, or the pace at which customers reallocate budgets from compute to the networking that links it all.
There’s a risk, though. The stock’s already priced for fast growth, so any slowdown in AI spending, a hold-up with a key customer’s launch, or stiffer pricing pressure in the crowded connectivity space could hit hard—and fast.
Next on the calendar: Credo’s conference slot on Jan. 14. Then, a day later, TSMC’s earnings and guidance, a key gauge traders use to read AI chip demand across the supply chain.
