10 Stocks With Massive Losses; AI Firms Not Spared

5. Credo Technology Group Holding Ltd. (NASDAQ:CRDO)

Credo Technology declined by 6.65 percent on Friday to end at $123.06 apiece as investors unloaded portfolios in AI stocks amid continued caution over a potential AI bubble.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) dropped alongside its AI counterparts, namely Oracle Corp. and Nebius Group, as warnings about an AI bubble lingered among investors.

It can be recalled that a bubble occurred in the 90s, significantly dragging the tech-heavy Nasdaq after investors heavily poured funds into technology firms that went unsustainable during the period.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO), a company riding the AI wave, is especially exposed to such risks, particularly if returns on investments fail to materialize, as demand for cloud services and high-performance computing could decline and thus lead to underutilized AI infrastructures.