Movement Alert｜Credo Technology Group Holding Ltd Overnight Decline 5.08%, Semiconductor and Optical Communications Sectors Continue Heavy Sell-Off

Market Focus07-29

On July 29, Credo Technology Group Holding Ltd declined 5.08% overnight, trading at 184.04 USD/share, with turnover of 3.6835 million USD.

On the news front, U.S. semiconductor and optical communications sectors extended a broad sell-off, with the Philadelphia Semiconductor Index plunging 4.49% in a single session. The index has now pulled back nearly 25% from its recent peak, officially entering deep correction territory. Sector-wide losses were severe, with Corning falling over 12%, Coherent dropping over 10%, SK Hynix and Micron each declining nearly 9%, AMD falling over 8%, and Marvell Technology losing over 7%. Credo has been under sustained sector-driven pressure in recent sessions, with cumulative short-term drawdown remaining significant amid intensifying risk-off sentiment across the high-speed connectivity and AI hardware supply chain.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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