Credo Technology Group reported Q3 FY2026 sales of $407 million, up 202% year-over-year, with a 68.6% gross margin and $140 million free cash flow, surpassing expectations. The acquisition of DustPhotonics enhances their silicon photonics capabilities and optical portfolio, supporting growth as hyperscalers move to higher speeds. The company is rated a 'Buy' with an anticipated 36% upside over 12-18 months, despite risks from customer concentration. This momentum reflects strong business execution and early ramp-up of optical modules.
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
Credo generated over $1.3 billion in revenue in fiscal 2026 and expects more than 80% growth in fiscal 2027, fueled by strong sales in optical products like ZeroFlap optics, DSPs, and silicon photonics. The acquisition of Dust Photonics has expanded ...
David H. Lerner highlights cautious optimism for SpaceX due to current valuation and expected volatility around the Starship launch, recommending patience before buying. Meta Platforms is gaining momentum driven by AI initiatives, prompting Lerner to...
