Credo Technology Group Holding Ltd. (NASDAQ:CRDO) was listed as the 7th top stock that skyrocketed on Wednesday as investors flocked to AI companies amid trade tensions. The Dow Jones declined while the S&P 500 and Nasdaq saw gains. CRDO rose 9.62% to $47.53 per share as it announced participation in the NVIDIA GTC 2025 conference to showcase products supporting AI growth.
With a market cap of at least $2 billion and trading volume of $5 million, CRDO was one of the strong performers on Wednesday. The company’s Toucan PCIe Gen6.x/CXL3.x retimers will be highlighted at the conference, showcasing their role in scalable AI infrastructure. Despite its potential as an investment, other AI stocks may offer higher returns in a shorter timeframe.
Investors looking for promising AI stocks trading at less than 5 times earnings can explore other options. Our list of the 10 Stocks Skyrocketing Today included CRDO as a top performer, but there are AI companies with greater potential for growth. For more information on the best AI stocks to buy now, check out our report.
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