Crdo stock price forecast sector rotation trends show technology

Sector rotation trends show technology outperforming, and the crdo stock price forecast captures that momentum. Analysts consider the company’s diversified client base a hedge against potential macro headwinds. This is the magic of AI, a technology that has caught Wall Street and retail investors alike by storm. However, AI’s impact, and its enablement, aren’t limited to the GPU designer we’ve mentioned above. While GPUs are the ‘oil’ for this technology, a wide variety of other components from data center infrastructure, networking equipment, connectivity, and energy all will have to play their part if OpenAI CEO Sam Altman’s plans of initially building as many as 7 AI data centers across the US, with each data center guzzling an unbelievable 5 Gigawatts of electricity, are to come to fruition. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credo Technology Group wasn't on the list. The most recent crdo stock price forecast reflects a 12% upside potential over the next 3 months, backed by expanding gross margins in high-speed connectivity chips. Market sentiment remains constructive as 5G and AI infrastructure spending accelerates.