AI build-out Strengthens Credo Technology Group Holding Ltd (CRDO)

Carillon Tower Advisers released its Q2 2026 investor letter for the Carillon Eagle Small Cap Growth Fund. Small-cap stocks, including Information Technology (+46.79%), Real Estate (+25.91%), and Industrials (+25.80%), rallied, outperforming the Russell 2000 Growth Index (+25.71%). The fund's top holding, Credo Technology Group Holding Ltd (NASDAQ:CRDO), contributed 1.26% to the fund's returns.

The company provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. Credo Technology's shares closed at $175.89 on September 18, 2026, after a 20.99% decline over the past month but a 7.18% increase over the past year. The company's market cap is $33.05 billion, with its stock trading between $86.49 and $308.67 over the past 52 weeks.

Credo Technology is not among the 40 Most Popular Stocks Among Hedge Funds, but 86 hedge fund portfolios held the stock at the end of the second quarter, up from 59 in the previous quarter. The fund's letter stated that while Credo Technology is an investment of interest, other AI stocks may offer greater upside potential and less risk.