Credo Technology (CRDO) Surges 20.6% as Ex-Nvidia Exec Joins Board

We recently published 10 Stocks With Easy 20-40% Gains. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the last week's best-performing stocks.

Credo Technology soared by 20.6 percent week-on-week to touch a new all-time high, as investors cheered the addition of a former Nvidia Corp. executive to its board of directors.

Late last week, Credo Technology Group Holding Ltd (NASDAQ:CRDO) announced the addition of Brian Kelleher as an independent director effective October 27. He replaced Lip-bu Tan, who resigned from his post on October 23 and now serves as chief executive officer of Intel Corp.

“Brian brings deep expertise in designing and developing highly complex semiconductors and AI systems. His distinguished contributions to the field have helped shape the rise of general-purpose GPU computing, which continues to have a profound impact on data infrastructure for AI-driven networks,” Credo Technology Group Holding Ltd (NASDAQ:CRDO) President and CEO Bill Brennan said.

“His vast experience in engineering for accelerated computing applications and AI will prove invaluable as we continue our mission to advance the next generation of high-speed connectivity solutions,” he added.

Prior to joining Credo Technology Group Holding Ltd (NASDAQ:CRDO), Kelleher served as senior vice president of GPU Engineering at Nvidia Corp., during which he led the GPU product development organization and helped usher in the era of general-purpose GPU computing.

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Disclosure: None. This article is originally published at Insider Monkey.