'Plumbing' For AI Data Centers — And Visions Of 372% Growth — Have Funds Salivating For This IBD 50 Stock

Top mutual funds piled into Credo Technology, buying about $226 million of stock as the company positions itself as an AI data-center connectivity enabler. Credo’s recent DustPhotonics acquisition and blistering growth — 126% revenue growth last fiscal year and Wall Street forecasts of a 205% sales jump to $1.3 billion and EPS of $3.31 for fiscal 2026 — have attracted institutional demand. Technicals back the momentum: a cup-with-handle base with a buy point at 198.97 (April 24 high), an A Accumulation/Distribution rating and a 1.3 up/down volume ratio. Shares closed just below the buy point (198.29) ahead of full-year results due in early June, creating a potential catalyst. The story links Credo to major fabless semiconductor peers including Broadcom (AVGO.OQ), AMD (AMD.OQ), Marvell (MRVL.OQ) and Nvidia (NVDA.OQ), underscoring sector-level interest and potential spillovers for related chip names.