5 Best IPO Stocks to Buy and Hold For 2 Years

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

Number of Hedge Fund Holders: 59

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best IPO stocks to buy and hold for 2 years. On May 28, Credo Technology announced the completion of its acquisition of DustPhotonics. The deal integrates DustPhotonics’ silicon photonics technology into Credo’s portfolio, enabling support for 800G, 1.6T, and 3.2T optical connectivity.

This acquisition provides Credo with a vertically integrated stack (spanning SerDes, DSP, and silicon photonics) to address both electrical and optical interconnects for large-scale AI infrastructure. The company expects the combined product line to become a key growth driver in fiscal 2027.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) leadership emphasized that silicon photonics is foundational for the bandwidth and efficiency required by next-generation AI deployments. The merger aims to accelerate the delivery of end-to-end connectivity solutions designed to help customers scale their AI infrastructure effectively.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) develops high-speed connectivity products and solutions for the data infra market (specifically optical and electrical Ethernet and PCIe applications), including SerDes chiplets, integrated circuits, and electrical cables. The company is based in George Town, Cayman Islands.

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