Thu, Sep 11, 2025, 9:14 AM 2 min read
We recently published AI Frenzy: 10 Stocks Crushing the Market, 6 Climb to Fresh Highs. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the top performers on Wednesday.
Credo Technology surged to a new all-time high on Wednesday, jumping 10.02 percent to close at $163.96 apiece as investors cheered the launch of a new digital signal processor (DSP) designed to support the requirements of next-generation Artificial Intelligence.
In intra-day trading, Credo Technology Group Holding Ltd (NASDAQ:CRDO) climbed to its fresh 52-week high of $164.04 before trimming gains to end the day just up by 10.02 percent at $163.96 apiece. Wednesday also marked its 7th straight day of gains.
[Shutterstock: 380107090, scyther5]
This followed the company’s launch of the Bluebird on Tuesday, a high-performance, low-power DSP for 1.6 terabits per second (Tbps) optical transceivers, which enables energy-efficient data transmission essential to unlocking the advanced computational power of state-of-the-art GPU silicon.
“Next-generation AI networks require high-bandwidth, ultra-low latency, extreme reliability, and exceptional power efficiency. Many existing 1.6T transceivers suffer from high levels of power dissipation, constraining deployments due to the challenges with cooling and power delivery. This places limits on the widespread adoption of 1.6T technology,” Credo Technology Group Holding Ltd (NASDAQ:CRDO) said.
“The Credo Bluebird DSP aims to address these challenges by leveraging advanced CMOS process technology and Credo’s proprietary design techniques to deliver industry-leading power efficiency, allowing 1.6T transceivers to consume well under 20W,” it added.
While we acknowledge the potential of CRDO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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