Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTJabran KundiFri, June 26, 2026 at 8:37 PM GMT+2 5 min readAI Data Center by Gorodenkoff via ShutterstockCredo Technology (CRDO) is up 77.9% year-to-date (YTD). The last few days have been tough for investors, with the stock down nearly 12% so far this week. The volatility would scare investors, especially considering how the market could just collapse if memory demand alone stabilizes. If you're a CRDO shareholder and were rethinking holding the stock, BNP Paribas provided exactly the reason to continue doing so. BNP Paribas analyst Karl Ackermann recently maintained a positive outlook on Credo, expecting it to remain a key beneficiary of the AI infrastructure buildout. The analyst cited the adoption of Credo's copper and optical connectivity solutions by hyperscalers as a reason for his bullish view. He noted that products such as Active LED cables and OmniConnect gearboxes have tripled Credo's total addressable market (TAM) to over $10 billion in just 18 months. Ackermann further highlighted that Credo is involved with five of the six largest cloud computing companies, including Amazon (AMZN), Microsoft (MSFT), Meta (META), Oracle (ORCL), and xAI, a subsidiary of SpaceX (SPCX), stressing the firm's growing importance in the AI supply chain.More News from BarchartMark Cuban Says There Are Some 'Greedy Blood-Sucking Business People That Will Do Anything for a Dollar' But 'Eat the Rich' Only Helps PoliticiansStocks Erase Early Gain as Megacap Tech Stocks RetreatStocks Settle Mixed on Apple Weakness and Chipmaker Strength