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Credo Technology Showcases Memory Scaling for AI Accelerators at OCP Global Summit
Credo Technology announced that it is showcasing high-performance memory scaling for programmable logic-based AI accelerators this week at the 2026 OCP Global Summit in San Jose. Credo will demonstrate its OmniConnect Weaver memory fanout gearbox in a programmable logic-based environment, enabling high memory bandwidth and high memory capacity on an AMD Versal AI Edge Series Gen 2 adaptive SoC evaluation board. The system puts memory capacity and bandwidth previously only reserved for custom ASICs within the reach of programmable logic.
Credo Technology Group Launches 1.6T ZeroFlap Active Light Cable for AI Infrastructure
Credo Technology Group shared details of its 1.6T ZeroFlap active light cable, the industry's first row-scale, wide-parallel optical interconnect solution built for AI scale-out and front-end networks. The ZeroFlap ALC is based on a dense array of micro-emitters and photodetectors coupled with flexible, lightweight fiber bundles, designed to draw 12W per cable-end in a pluggable form factor. With targeted reach up to 50m alongside 100 million hours mean time between failures, Credo's ZeroFlap ALC is designed to deliver the reliability, power efficiency, and reach required for next-generation AI infrastructure. The 1.6T ALC architecture will be featured in Credo's booth at the Open Compute Project Global Summit this week in San Jose.
Credo Technology Launches 224G Optical Transceiver Family
Credo Technology Group announced its 224G-based family of ZeroFlap optical transceivers for AI networks. The new ZF transceivers combine the company's 224G per lane optical DSP with its Kfir200 silicon photonics-based photonic integrated circuit and latest generation PILOT diagnostic and analytics platform.
Major Averages Rebound, S&P 500 Up 0.46%
The major averages closed broadly higher, rebounding from yesterday's declines as investors continue to react to escalating tensions between the U.S. and Iran, rising oil prices, and a jump in Treasury yields. Renewed U.S.-Iran fighting has raised concerns about disruptions to energy supplies and pushed inflation expectations higher, creating a difficult backdrop for both stocks and bonds.Meanwhile, ADP showed 38,000 private-sector jobs were added in August, a slower-than-expected pace. While job creation held positive, August was the smallest gain since January.Additionally, the Federal Reserve said in its latest Beige Book report that economic activity has increased "modestly" since July, adding that employment rose "very slightly overall."Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dell Technologiesreportedand sharply raised its FY27 earnings per share and revenue outlookNvidiais in advanced talks to acquire Hugging Face for up to $14B,Chevronannouncedthat establish updated terms for its joint venturesDelivery Hero'sboard recommendsfrom UberThe Fed said in its latest Beige Book that2. WALL STREET CALLS:Deutsche Bank"mispriced" Sirius XMto BuyToastto Neutral at BNP ParibasAlumisto Buy at H.C. WainwrightJPMorganNioon sluggish vehicle demandAmrizeto Neutral at JPMorgan and to Underperform at BofA3. AROUND THE WEB:Uber Technologiesis cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses, Bloomberg reportsEU antitrust regulators are eyeing the licensing practices of Oraclein a case similar to the one involving SAP, which was settled with concessions in July, Reuters saysTSMChas increased its own estimate of quarterly equipment purchases to 1.9 times what was projected in December as the company expands production to meet AI demand, Bloomberg reportsTPG-backedAsia OneHealthcare has confidentially filed for an initial public offering in Kuala Lumpur, Malaysia, seeking to raise up to 10B ringgit, or $2.5B, Bloomberg saysAdobehas acquired India-based marketing intelligence company Rilo in an agreement involving licensing and team acquisition, TechCrunch reports4. MOVERS:GitLabgained after, raising its guidance for FY27, and saying AI is proving to be a durable secular tailwindEos Energyincreased after announcing aand GooglePG&Ewas lower after saying it plans to update its 2027 capital plan byCredo Technologyslipped in New York afterand providing guidance for Q1 and FY27Palo Alto Networksand MongoDBfell after5. EARNINGS/GUIDANCE:Ollie's Bargain Outletand raised its outlook for FY26G-III Apparel, with CEO Morris Goldfarb commenting, "Our second quarter results reflect strong execution across the organization"Sprinklrand lowered its guidance for FY27Daktronics, with EPS and revenue beating consensusBrown-Forman, with CEO Lawson Whiting stating that first quarter results "reinforce our confidence in the year ahead"INDEXES:The Dow rose 295.07, or 0.56%, to 53,061.95, the Nasdaq gained 118.06, or 0.45%, to 26,217.83, and the S&P 500 advanced 35.13, or 0.46%, to 7,666.60.
Credo Technology Shares Drop 17.9% to $169.69
Credo Technology is down -17.9%, or -$36.95 to $169.69.
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