Credo Technology stock jumps as Broadcom backs copper over optical links in AI data centers
SAN JOSE, Calif., March 6, 2026, 06:06 PST Credo Technology Group Holding Ltd shares jumped nearly 12% on Thursday after Broadcom said its AI-chip customers would likely “stay on direct attached copper” inside racks as data rates rise, lending support to the copper-link market at the heart of Credo’s growth story. The shares were last quoted at $114.74, up 11.9% from the previous close, according to LSEG data.