12 Best Performing Large Cap Stocks to Buy

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

Market Capitalization as of September 29: $25.26 billion

Number of Hedge Fund Holders: 48

Year-to-Date Performance as of September 29: 117.24%

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best performing large cap stocks to buy. On September 24, Credo Technology Group introduced its 224G PAM4 SerDes Intellectual Property/IP on TSMC’s industry-leading N3 process technology. The new IP offering is designed to provide the foundation for high-bandwidth, low-latency 1.6Tbps port connectivity solutions.

These solutions are critical for the deployment of next-gen AI, cloud computing, and hyperscale applications. The 224G per lane data transmission effectively doubles the data rate of Credo’s 112G PAM4 IP predecessor. The acceleration helps customers efficiently design cutting-edge connectivity solutions at 1.6T network speeds to scale massive, compute-intensive AI workloads.

The 1.6Tbps networking market is projected to reach $13 billion by 2028, with the market ramp beginning at the end of this year, according to Alan Weckel of the 650 Group. Credo’s SerDes IP family offers a range of signaling options spanning 28G to 224G, along with reach options including long reach plus/LR+, long reach/LR, medium reach/MR, and very short reach plus/VSR.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the US, Taiwan, Mainland China, Hong Kong, and internationally.

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