Credo Technology Group Holding Ltd's stock plummeted 5.09% intraday on Monday, as the semiconductor sector faced widespread selling pressure.
Chip stocks dropped in morning trading, with Credo Technology among the notable decliners. The broader decline affected multiple companies including Micron, Marvell Technology, and SOXL, which fell 3%, while others like Lam Research and Western Digital declined 2%.
The sector-wide weakness contributed to Credo Technology's significant price drop during the trading session.
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