Why Is Credo (CRDO) Stock Up 7.90% Today, Oct 1? Micron’s AI Demand Signal and Higher Earnings Estimates Lift CRDO

Credo (CRDO) jumped 7.90% as Micron's strong results and AI-memory demand outlook lifted broader AI-infrastructure sentiment, benefiting connectivity and optical suppliers. The move appears largely sector-driven rather than tied to a new CRDO-specific catalyst, though management's optical growth targets reinforced positioning. Near-term focus is on whether momentum holds above key moving-average support and whether earnings-estimate revisions and customer demand validate the AI networking thesis.