ARM and CRDO Are the Quiet Winners While Everyone Watches the Iran Ceasefire Headlines
While the market partied on Iran peace hopes, ARM Holdings and Credo Technology quietly reminded everyone what a real catalyst looks like
Ticker Ratings
Look, the Iran peace deal optimism is fun and all — S&P up 1.5%, Nasdaq up 2%, WTI oil dropping over $7 to near $95/barrel — but if you spent today refreshing oil futures you may have missed the two tickers doing the heavy lifting in the AI supply chain trade.
$ARM jumped 11% on the session, and Seeking Alpha's breakdown of $CRDO (Credo Technology) shows it up a staggering 87% in the last month alone and 35.8% year-to-date — with analysts raising numbers during the dip, which is the rare kind of signal that actually means something. Both names are riding the same wave Tom Lee flagged on CNBC: compute scarcity is real, the semiconductor forward P/E sits at a still-reasonable 22x vs. a 20-year high of 35x, and hyperscalers are throwing money at anything that moves data faster. Meanwhile, $AAPL is quietly spending more than 10% of revenue on R&D — a 30-year high — trying not to be the last one to the AI party.
Peace deals come and go, but photons moving data at the speed of light through Credo's cables? That supply chain isn't going anywhere.