Shares of Credo Technology Group Holding Ltd (CRDO) are climbing about 9 percent on Tuesday morning trading following the announcement that its PCIe 6.0 technology-capable Toucan PCIe retimer has earned PCI-SIG compliance at 32.0 GT/s.
The company's stock is currently trading at $134.74, up 9.59 percent or $11.87, over the previous close of $123.41 on the Nasdaq. It has traded between $29.09 and $213.80 in the past one year.
The positive stock movement also reflects the company's preliminary third quarter results, which estimate revenue in the range of $404 million to $408 million, above the high-end of its previously announced range of $335 million and $345 million.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.