CRDO is trading at $189.94 (-4.35%) today as macro headwinds and a hotter-than-expected CPI report weigh on high-growth technology stocks.
- The decline extends yesterday's -5.54% drop from $198.57, despite a lack of company-specific news for the May 13 session.
- Markets are facing pressure from a 3.8% CPI reading, rising oil prices near $108/barrel, and escalating U.S.-Iran tensions.
- While the Nasdaq is up slightly by 0.31%, the semiconductor sector remains weak, contributing to the downward momentum for CRDO.