Why Oracle, CoreWeave, Credo and Other Top Tech Stocks Soared This Week | The colorful fool

Oil prices fell this week as US-Iran peace talks reportedly made progress.

Investors’ fears that events in the Middle East could plunge the economy into recession eased and they refocused their attention on investable trends such as artificial intelligence (AI).

Here’s how some of the top ones look Tech stocks carried out:

• Credo Technology (CRDO +0.99%)plus 34%
• oracle (ORCL 1.84%)plus 27%
• CoreWeave (CRWV 2.27%)plus 15%

Credo Technology sees the light

Credo took a big step to expand its silicon photonics business on Monday. The provider of high-speed cables and other artificial intelligence (AI) data center connectivity solutions has reached an agreement to acquire DustPhotonics, a developer of semiconductor chips that use light instead of electricity to speed data transfers.

Credo management expects the deal will help the company’s optical sales exceed $500 million by fiscal year 2027.

Today’s change

(0.99%)$1.57

Current price

$160.50

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