Credo Technology Group Holding stock faces a critical technical test after shares tumbled from $220 to $206.63 on September 1. The sell-off coincided with record fiscal first-quarter 2027 revenue of $479 million, up 115% year-over-year, creating a sharp disconnect between AI-driven fundamentals and price action.

Key takeaways

• Credo reported record Q1 FY2027 revenue of $479 million, up 115% year-over-year, with CEO Bill Brennan citing surging AI infrastructure connectivity demand.
• CRDO shares dropped from an intraday high of $221.74 to close at $206.63 on volume of 8.6 million shares despite the strong earnings beat.
• Daily RSI14 at 40.9 and a MACD histogram of -3.41…