{"id":554248,"date":"2026-07-22T15:45:15","date_gmt":"2026-07-22T15:45:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/554248\/"},"modified":"2026-07-22T15:45:15","modified_gmt":"2026-07-22T15:45:15","slug":"what-fuels-credo-technology-group-holding-ltds-crdo-exceptional-return-in-q2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/554248\/","title":{"rendered":"What Fuels Credo Technology Group Holding Ltd\u2019s (CRDO) Exceptional Return in Q2?"},"content":{"rendered":"\n

Deep Sail Capital Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here<\/a>. In the second quarter, the fund significantly outperformed both of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% net of fees while averaging 88% net long exposure. YTD, the fund returned 16.5% net of fees. long portfolio significantly outperformed both benchmarks, while the short portfolio was mixed in the quarter. The letter states that there was a notable performance push in Q1, which was reflected in Q2, driven by both the Iran War and idiosyncratic impacts on positions in the fund. In addition, please check the Fund’s top five holdings to know its best picks in 2026. <\/p>\n

In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Credo Technology Group Holding Ltd (NASDAQ:CRDO<\/a>) as a notable performance contributor. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a semiconductor company that provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. On July 21, 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) closed at $223.87 per share. One-month return of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was -16.77%, and its shares gained 127.49% over the past 52 weeks. Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a market capitalization of $41.75 billion. <\/p>\n

Deep Sail Capital Partners stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its Q2 2026 investor update: <\/p>\n

“There were a few large detractors at the end of the Q1 that have reversed in Q2 including our two biggest contributors in Q2 Credo Technology Group Holding Ltd (NASDAQ:CRDO) and Amplitech. Credo Technologies was down over 50% from its ATH by the end of March on the narrative that “Copper is dead” in data centers. That narrative has since changed in Q2 with the market beginning to realize that Credo’s ZeroFlap optics platform is a real second leg for the company and the acquisition of Dust Photonics, an integrated circuit optics company, makes Credo a viable optics player. The company returned 191% in Q2. I continue to view the company favorably on a growth and valuation basis and it is one of the fund’s largest holdings.” <\/p>\n

\"Why<\/a> Why Credo Technology Group Holding Ltd\u00a0(CRDO) Skyrocketed On Tuesday <\/p>\n

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is not on our list of\u00a040 Most Popular Stocks Among Hedge Funds Heading Into 2026<\/a>. According to our database, 59 hedge fund portfolios held Credo Technology Group Holding Ltd (NASDAQ:CRDO) at the end of the first quarter, compared to 69 in the previous quarter.\u00a0While we acknowledge the potential of Credo Technology Group Holding Ltd (NASDAQ:CRDO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the <\/a>best short-term AI stock<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Deep Sail Capital Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the…\n","protected":false},"author":2,"featured_media":554249,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,251580,85,4008,46],"class_list":["post-554248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-deep-sail-capital-partners","tag-il","tag-investment-management-company","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/554248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=554248"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/554248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/554249"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=554248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=554248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=554248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}