Jim Cramer Says “Credo’s Just so Good”

Credo Technology Group Holding Ltd (NASDAQ:CRDO) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. A caller asked if it was time to ring the register, buy more, or hold the stock. Cramer replied:

Credo’s just so good. It’s a networking company. Just hold on to it. It’s amazing… Try to get your cost basis out a little bit because this thing’s been on a parabolic move. But what a great company.

Stock market data. Photo by Burak The Weekender on Pexels

Credo Technology Group Holding Ltd (NASDAQ:CRDO) designs high-speed connectivity chips and solutions used in Ethernet and PCIe applications, including active cables, signal processing chips, and serializer-deserializer technology. During the January 27 episode, a caller mentioned that they own the stock and sought Cramer’s opinion. He responded:

I don’t know, I mean, optical, if I want to do optical, there’s just so, let’s just do Corning. We’ll see how they do tomorrow. Wait, and then buy if it gets hit.

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