Credo Technology (CRDO) Slid Amid Replacement Risk Concerns
Key takeaways
- Small-cap stocks delivered mixed results in the quarter as the market favored value stocks over growth.
- In its first-quarter 2026 investor letter, Carillon Eagle Small Cap Growth Fund highlighted Credo Technology Group Holding Ltd (NASDAQ:CRDO).
- Carillon Eagle Small Cap Growth Fund stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its Q1 2026 investor letter:
Credo Technology (CRDO) Slid Amid Replacement Risk Concerns Soumya Eswaran Wed, June 24, 2026 at 9:14 PM GMT+7 3 min read CRDO ^RUT Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the “Carillon Eagle Small Cap Growth Fund”. A copy of the letter can be downloaded here. Small-cap stocks delivered mixed results in the quarter as the market favored value stocks over growth. The Russell 2000 Growth Index fell 2.82% in the quarter, while the Russell 2000® Value Index increased 4.96%. The first quarter saw equity market volatility due to Iran strikes, boosting energy prices. The firm is optimistic that the turbulence in the market will be short-lived, with improved valuations and potential positive developments from de-escalation in the Middle East. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Carillon Eagle Small Cap Growth Fund highlighted Credo Technology Group Holding Ltd (NASDAQ:CRDO). Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a US-based semiconductor company that provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. On June 23, 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) closed at $272.01 per share. One-month return of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was 22.95%, and its shares gained 195.02% over the past 52 weeks. Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a market capitalization of $50.72 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its Q1 2026 investor letter: