🔴 Credo Technology Group is trading 9.5% down today as AI infrastructure spending concerns pressure chip stocks

Credo Technology Group is trading at $147.26, down 9.53% in live trading on October 23, 2026, as it appears caught in a broader semiconductor selloff.

• No clear company-specific announcement explaining the decline was identified.
• Investors are concerned about returns on heavy AI infrastructure spending; Lam Research’s outlook added pressure to chip stocks. Reuters reported disappointment with Meta and Lam Research results amid concerns about hyperscalers’ data-center spending.
• SOXX fell 4.20% during the regular session.