Credo Technology reported its seventh consecutive quarter of triple-digit revenue growth, reaching $479 million last quarter, up 115% year over year. Despite strong performance, its stock remains volatile and trades below its 52-week high. The company aims to surpass $600 million in optical revenue in fiscal 2027, which could drive a significant stock price increase to $350. Risks include high customer concentration and potential cuts in AI infrastructure spending, but management expects strong revenue growth and high profit margins, supporting a bullish outlook.
As of Oct 05, 2026 18:32 WIB, Credo Technology Group Holding Ltd (CRDO) trades at USD 220.10 on Pluang, showing a modest 0.67% increase in one day. The stock's market capitalization stands at $39.50 billion, with a daily trading volume of over 10.6 million shares. Notably, the typical hold time on Pluang is 22 days, indicating active investor interest in this technology sector stock.
Credo Technology is transitioning from its traditional strength in Active Electrical Cables to rapid growth in optical transceivers, especially its Cardinal product line aimed at AI datacenter connectivity. The company projects revenue of $2.5 billio...
AI infrastructure spending is moving from raw compute power to connectivity solutions, benefiting chipmaker Credo, which recently reported 114.7% revenue growth and beat earnings estimates. Despite a recent stock dip, Credo trades at a lower forward ...
Credo Technology Group is positioned for a medium-term recovery, aiming to exceed $300 per share driven by vertical integration and expanding product lines. The recent drop in GAAP gross margin is mainly due to amortization from the DustPhotonics acq...
