Credo slides 7.5% as competition, slower 1.6T rollout weigh

Investing.com -- Credo Technology Group shares fell 7.5% on Friday as comments from MaxLinear management highlighted potential competition in the active electrical cable (AEC) market, while third-party data pointed to limited near-term adoption of next-generation 1.6-terabit cables. Insider selling also weighed on sentiment. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » MaxLinear CEO Kishore Seendripu said on the company's analyst call that Credo accounts for an estimated 93% to 99% of the AEC cable market, but argued that the industry is beginning to diversify as the technology becomes more complex.