10 Unstoppable AI Stocks to Invest In Now

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

1-Year Return: ~79.8%

Average Upside Potential: ~75.2%

Number of Hedge Fund Holders: 56

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the Unstoppable AI Stocks to Invest In Now. On February 19, Goldman Sachs initiated coverage of the company’s stock with a “Buy” rating and a price objective of $165, as reported by The Fly. The analyst noted that Credo Technology Group Holding Ltd (NASDAQ:CRDO) is into manufacturing high-speed, short-range wired connectivity products for the broader datacenter market.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) has pioneered Active Electrical Cables. As per the firm, AECs offer lower cost and high bandwidth connections possessing high reliability as compared to the competing technologies for short-range datacenter connections. The copper solutions are expected to remain relevant till at least 2032, added Goldman Sachs.

In a separate release, Roth Capital reduced its price objective on Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s stock to $200 from $250, while keeping a “Buy” rating. As per the analyst, the company’s above-consensus preliminary guidance is backed by higher benefits due to the increased unit demand as well as an increase in average sales price as a result of newer and longer-reach rack-to-rack AEC cabling.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) offers high-speed connectivity solutions for optical and electrical Ethernet, as well as PCIe applications. Credo connectivity solutions provide optimized performance, energy efficiency, and security for the AI deployment.

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