🔴 Credo Technology Group is trading 7.44% down in pre-market as Intel's weak outlook pressures semiconductor stocks

Credo Technology Group is trading 7.44% down at $153.00 in pre-market on October 30, amid broader semiconductor pressure and concerns about returns on AI infrastructure spending.

• Shares declined 4.84% in the October 29 session.
• No new company-specific announcement was identified.
• Reuters reported the semiconductor index had fallen after Alphabet’s results; Intel’s weak outlook and after-hours decline added pressure.