🔴 Credo Technology Group is trading 8.37% down today amid a broader semiconductor selloff

Credo Technology Group is trading 8.37% down at $190.64 on October 13, 2026, amid a wider semiconductor selloff.

• Semiconductors are down 2.64%, while major U.S. indexes are mixed and little changed. Chip stocks face concerns about Chinese competition and the sustainability of AI spending, following reports of progress by China’s CXMT and comments from Broadcom’s CEO.
• No confirmed new company-specific announcement explains the move. Stifel’s price-target cut was reported on October 12, not as a direct cause.