Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Credo shares surge after 64% jump in revenue, narrowed quarterly loss

Source Investing

Investing.com -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) on Monday reported a 64% surge in second-quarter revenue, driven by robust demand for its connectivity solutions fueled by increasing AI deployments. The company also narrowed its quarterly loss

Credo's shares soared 31% in after-market trading.

The cable maker posted revenue of $72 million for the quarter ended Nov. 2, a substantial year-over-year increase. Its GAAP net loss was trimmed to $0.03 per share, compared to a loss of $0.04 per share in the same period a year earlier.

Credo is projecting third-quarter revenue between $115 million and $125 million, with GAAP gross margin expected to range from 60.6% to 62.6%. The company anticipates operating expenses of $58.6 million to $60.6 million on a GAAP basis.

Shares of the company were up 31% in the aftermarket trading.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Markets in 2026: Will gold, Bitcoin, and the U.S. dollar make history again? — These are how leading institutions think After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?

Author Insights

Dec 25, 2025

After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?

ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next Move With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.

Author Mitrade

Dec 26, 2025

With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.

Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's Outlook Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.

Author Rachel Weiss

May 15, Fri

Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.

WTI declines below $82.50 as oil inventories rise far more than expected West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.

Author FXStreet

Aug 13, Thu

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.

Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensions Gold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike.

Author FXStreet

13 hours ago

Gold price (XAU/USD) gains momentum to around $4,395 during the early Asian trading hours on Monday. The precious metal extends the rally as cooling US inflation data has dampened expectations for the US Federal Reserve (Fed) interest rate hike.

Popular Symbols