Credo Technology Group Holding Ltd announced that its Toucan PCIe retimer achieved PCI-SIG compliance at 32.0GT/s. The production-ready 7nm PCIe 6.0 technology-capable retimer was validated as PCI-SIG compliant at PCIe 5.0 technology speeds. The solution is designed for AI, HPC, and accelerated compute environments, offering low-power design and advanced diagnostics capabilities. The company's retimers enable signal integrity across longer distances for high-speed connectivity in AI rack-scale and disaggregated architectures. Additionally, Goldman Sachs initiated coverage of Credo Technology with a Buy rating and a $165 price objective, citing the company's high-speed wired connectivity products for datacenters and their Active Electrical Cables. Roth Capital maintained a Buy rating but reduced its price objective.
Read full analysisCredo Technology Group Holding Ltd announced that its Toucan PCIe retimer achieved PCI-SIG compliance at 32.0GT/s. The production-ready 7nm PCIe 6.0 technology-capable retimer was validated as PCI-SIG compliant at PCIe 5.0 technology speeds. The solution is designed for AI, HPC, and accelerated compute environments, offering low-power design and advanced diagnostics capabilities. The company's retimers enable signal integrity across longer distances for high-speed connectivity in AI rack-scale and disaggregated architectures. Additionally, Goldman Sachs initiated coverage of Credo Technology with a Buy rating and a $165 price objective, citing the company's high-speed wired connectivity products for datacenters and their Active Electrical Cables. Roth Capital maintained a Buy rating but reduced its price objective.
Credo Technology designs high-speed connectivity solutions for data centers, specializing in active electrical cables and SerDes chiplets critical to AI infrastructure buildouts. The company stunned the market in early February with preliminary Q3 FY2026 revenue of roughly $406 million — projecting over 200% year-over-year growth — and its newly PCI-SIG-certified PCIe 6.0 retimer positions it as a key enabler of next-generation AI accelerator architectures. With the formal Q3 earnings call set for March 2, the stock continues to consolidate after its post-earnings surge.