iShares Russell 2000 Growth ETF Boosted by Credo’s 200% Growth Forecast and $408M Q3 Revenue Range
iShares Russell 2000 Growth ETF holds 1.43% exposure to Credo Technology, which raised preliminary fiscal Q3 revenue guidance to $404 million–$408 million versus prior $335 million–$345 million. Credo’s forecast of over 200% year-over-year growth drove heightened demand for the small-cap growth ETF.
1. ETF Profile
The iShares Russell 2000 Growth ETF tracks small-cap U.S. companies with strong growth characteristics. As of the latest reporting, Credo Technology represents 1.43% of the ETF’s total assets, making it a notable holding within the fund’s semiconductor and high-tech exposure.
2. Credo Q3 Revenue Guidance
Credo Technology announced preliminary fiscal Q3 revenue guidance of $404 million to $408 million, exceeding prior guidance of $335 million to $345 million. The company projects more than 200% year-over-year revenue growth, underpinned by sustained demand for its high-speed data infrastructure solutions.
3. Impact on ETF Performance
Following Credo’s guidance update, the ETF experienced a notable uptick as investors rotated into small-cap growth names. The boost reflected increased optimism for other high-growth constituents and underscored the influence of top‐weight semiconductor names on overall fund returns.
4. Outlook and Market Sentiment
Market participants will watch Credo’s March 2 earnings call for further detail, which could shape near-term ETF flows. Continued strong results from semiconductor and networking equipment providers may reinforce the ETF’s appeal among growth-oriented investors.