Credo Technology Group is trading at $165.32, down 4.82% during the October 29 session, amid renewed concerns about returns on AI infrastructure spending.
- No company-specific announcement was identified; concerns followed Alphabet’s disappointing results and negative free cash flow.
- Reuters reported semiconductor weakness; Nasdaq was down 1.51%, while Bloomberg cited pressure on technology shares as investors reassessed AI spending.
- Volume data was unavailable, so activity versus normal levels could not be confirmed.