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Credo Technology Shares Fall Nearly 18% in Thursday Selloff

The stock closed at $112.33 after losing $24.17 as the Nasdaq 100 fell 6.4% in a broad technology retreat.

By Enna Lee
Published
A copper connector and fiber cable cast a long shadow / TokenPost.ai
A copper connector and fiber cable cast a long shadow / TokenPost.ai

Credo Technology Group Holding Ltd. shares fell nearly 18% Thursday, closing at $112.33 after a $24.17 loss during the session as technology stocks sold off broadly across U.S. markets.

Credo develops high-speed copper and optical interconnect products for artificial intelligence and data-center infrastructure.

The Nasdaq 100 fell 6.4% Thursday, losing $2.3 trillion in market value. The broader Thursday selloff also hit crypto-related stocks.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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