5 AI Stocks That Are Quietly Making Investors Rich

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

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the 15 AI stocks that are quietly making investors rich.

On March 3, Bank of America Securities decreased the firm’s price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $160 from $200. The firm maintained its Buy rating on the stock, which still yields an upside potential of 38%.

This adjustment comes after the company’s fiscal third-quarter results, which were aligned with the company’s recent positive pre-announcement. Despite raising pro-forma EPS estimates for FY27 and FY28 by 5% and 6%, respectively, the firm reduced the price target to reflect a broader industry multiple re-rating.

Earlier on February 19, Goldman Sachs initiated coverage of Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a Buy rating. The firm also set a price target of $165, which implies more than 42% upside from current levels.

Goldman noted that Credo develops high-speed, short-range wired connectivity products designed for the data center market. The firm highlighted the company’s active electrical cables technology, which provides lower-cost, high-bandwidth connections with strong reliability for short-range data center applications. It added that it sees a favorable near-term setup for the stock with its estimates running above consensus forecasts.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is involved in high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. Its portfolio includes active electrical cables, optical digital signal processors, and SerDes IP and chiplets. The company supports hyperscalers and the HPC market through predictive link optimization, PCIe retimers, and integrated circuit solutions.