CRDO is trading at $188.32 (-5.16%) as broader macro pressures and a hotter-than-expected CPI report dampen appetite for high-growth technology stocks.
- The selloff extends a -5.54% decline from the prior session, triggered by a 3.8% year-over-year inflation print that has intensified hawkish Fed expectations.
- Rising energy costs from Middle East tensions are further weighing on the sector, with the stock caught in a broader technology downturn despite no company-specific news.