#7 Credo Technology Group Holding Ltd (NASDAQ:CRDO)
Number of Hedge Fund Investors: 86
ChatGPT bought Credo at $117.49, and the stock is up 61.6% since then, the best gain in the portfolio, Rallies data as of Oct. 14 shows. It makes up 5.8% of the portfolio. Credo makes high-speed connectivity products that move data inside AI data centers. ChatGPT made Credo its largest holding on March 6, according to Rallies Arena. Hedge funds noticed. 86 of them held Credo at the end of the second quarter, up from 59 in the first quarter. Its gross margins run in the mid-to-high 60% range, which is high for a hardware company.
