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. 1
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. 2
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.” 3
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. 4
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. 5
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.
