Credo Leads Rebound For Semiconductor Stocks

Licensing

Credo Technology (CRDO) stock surged higher Monday, leading all gainers on the Philadelphia semiconductor index, known as SOX. On the stock market today, Credo jumped 9.8% to close at 265.55. Meanwhile, the SOX, which includes the 30 largest chip stocks traded in the U.S., climbed 2.2%, following two days of losses. William Blair analyst Sebastien Naji calls buy-rated Credo stock…