Credo Technology Group Holding (CRDO) has seen its stock surge by 40% following the release of its quarterly earnings, which reported revenue of $72.03 million, a 63.58% increase year-over-year, exceeding expectations by $5.22 million. The earnings per share (EPS) also showed significant growth, reaching $0.07, up 600% year-over-year, and beating estimates by $0.02. The strong performance has led to a double upgrade from Bank of America, with analysts noting that the company has reached a pivotal 'inflection point' in its growth trajectory. This surge in stock price reflects increased demand and positive market sentiment surrounding AI technologies, positioning CRDO as a key player in the AI data center sector.