Credo stock: the graded bulls held through a 34% drop, and the price came back
By Maya Koeva · October 5, 2026 · 5 min read
Credo Technology makes the cables and chips that move data between AI servers. Over the first two weeks of September, around its earnings, it lost a third of its value. The accounts we grade stayed bullish the whole way down, 29 calls to 2, and on October 2 the stock closed back above where it stood before the print.
The drop
Credo reported on September 1, after the close. Revenue was up 114.7% on the year and guidance went up, but gross margin came in lower and growth slowed from the quarter before. The stock closed at $206.63 that day, already 8.6% down on the session, and at $165.22 the next, down another 20%. It kept sliding for two more weeks and bottomed at $150.09 on September 14.
From the August 31 close, that is a fall of 33.6%. From the August 17 close of $282.82, it is 47%.
What the graded room did
From September 1 to September 14, the accounts we track posted about Credo 117 times, 85 bullish and 13 bearish. That is the crowd. The calls that count most in a Quantral signal score come from accounts with a graded track record, and those ran 29 bullish to 2 bearish, from 12 accounts.
The two bearish calls came on the print itself: one account reported the after-hours drop, another said the stock could not hold with growth slowing. Both were right about September 2. After that, no graded account posted a bearish call on Credo until the stock had bounced more than 40%.
Who held, and at what price
The accounts below made graded calls on Credo between September 1 and October 4. Five of the seven rank in our top 20 by track record. The close is Credo's price on the day of each account's first bullish call in the drop.
| Account | Graded calls Sep 1 to Oct 4 | First bullish call | Credo close | What they said |
|---|---|---|---|---|
 @KawzInvests | 5 : 0 | Sep 1 | $206.63 | a bullish deep dive on Credo's lead in active electrical cables |
 @CKCapitalxx | 15 : 1 | Sep 2 | $165.22 | "one of the best buys here at $160? I think so." |
 @babyfolio | 15 : 1 | Sep 2 | $165.22 | the selloff was overdone, since the slowdown was already disclosed |
 @michaelsikand | 8 : 0 | Sep 2 | $165.22 | "bought the FEAR" after the crash, calling it a beat-and-raise quarter |
 @ParadisLabs | 3 : 0 | Sep 2 | $165.22 | averaging down, because the earnings were good |
 @daniel_koss | 1 : 0 | Sep 8 | $167.75 | added on the pullback, at a better valuation |
 @Pep_Invest | 4 : 0 | Sep 15 | $150.39 | long-term potential from cables and the new optical line |
KawzInvests, in the first row, was bullish before the print and took the 20% day with everyone else. So did others in this room. Judge them on what they did next. CKCapitalxx and michaelsikand both kept adding through the slide, and on September 14, the day of the low, michaelsikand named Credo among the AI stocks he was buying into the sell-off.
Across the whole stretch, the graded accounts made 62 bullish calls and 4 bearish ones. The two bearish calls after the print were trims: CKCapitalxx and babyfolio each took some profit on September 25 and 26, after the stock was back above $190.
Then the price came back
Credo closed at $187.27 on September 21, $210.97 on September 25, and $218.64 on October 2. That is 45.7% above the September 14 low, and 5.8% above the $206.63 close the day before the drop.
The Lululemon pair
Lululemon reported the same week and fell almost as far: $121.77 on September 3 to $100.61 on September 4. Our September recap put the two side by side. Credo finished the month down 14.8% on a graded room of 57 bullish to 4 bearish. Lululemon finished down 16.4% on a graded room of 5 to 4, and its crowd was bearish, 43 to 72.
The two stocks took earnings drops of the same size in the same month. One graded room was nearly unanimous, and the other was split. Since September 28, the last close in that recap, Credo has gained 13.5% and Lululemon has lost another 6.1%.
We printed it losing, four times
Credo appeared in four of our pieces while it was falling, and each one marked it as an open bet, printed before anyone knew how it would end:
| Piece | What we printed | Credo close behind it |
|---|---|---|
| Who is CKCapitalxx, Sep 2 | Credo 42 to 0 in his book, after it "gave back almost 9% on September 1" | $206.63 |
| The best stock to invest in, Sep 11 | a score of 83, flagged as an open bet, 35% below August 11 | $160.31 |
| Semiconductor stocks, Sep 16 | a score of 86, 42% below a month earlier | $150.09 |
| Stock market sentiment, Oct 1 | the one stock in the table that fell, down 15% on a 57 to 4 graded room | $192.67 |
The September 16 read sat on the closing low. Credo now trades above the price behind all four.
The honest half
This is one stock over five weeks, and the recovery is still partial. Credo is 22.7% below its August 17 close. Some of the accounts in the table were bullish going into the print and lost 20% in a day before they were right. The two accounts that called the drop rank among our ten best graded, and on September 2 they read it right.
The rest of AI hardware bounced too. From the same September 14 close to October 2, Astera Labs rose 36.3%, Lumentum 30.0% and Marvell 24.4%. Credo's 45.7% beat all three, and a sector rally explains part of it. The Lululemon pair is the cleaner test: a drop of the same size, a split room, and no recovery.
What to take from this
A mention count would have told you Credo was loudest on the day of the crash. The graded read told you something different: the accounts with the best records stayed long, most of them at prices between $150 and $168, and kept saying why. A high score on a falling stock is an open bet, and this one paid.
As of this morning Credo carries a 7-day Quantral score of 83, a reading of the current conversation and not a prediction. See the live reading on Credo in Quantral: the score, every call behind it, and the track record of each account that made one.
Mention counts, sentiment splits, and account records cover the accounts Quantral tracks, August 31 through October 4, 2026, bucketed by calendar day in US Eastern time for the splits and by rolling 24-hour windows in the chart, whose total also counts posts where Credo was mentioned but was not the subject. Graded calls are from accounts with a track record of at least ten graded calls. Track-record rankings count accounts with at least 30 graded calls. Quoted scores of 83 and 86, the September figures for Credo and Lululemon, and the September 28 baseline are as published in the linked pieces. The current score is the seven-day reading as of October 5, 2026. Prices are closing prices via public markets through the October 2 close. Positions attributed to accounts are their stated views, not Quantral's. Quantral surfaces signals and context from public sources to support your own research. Nothing here is financial advice or a recommendation to buy or sell. Past signals are not indicative of future results.