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 P/E than peers like Astera Labs and Marvell, with strong analyst buy ratings and a price target implying 26% upside. Management expects accelerating growth in optical and memory connectivity products, with potential risks from customer concentration and market slowdown. Credo is positioned as a key player in AI expansion beyond GPUs, with price targets projecting continued growth through 2030.
Credo Technology Group Holding Ltd (CRDO) is up 6.24% at USD 206.94 on Pluang, showing strong investor interest despite a 75% sell order activity. Compared to peers like Astera Labs (ALAB) and Marvell Technology Inc (MRVL), which have smaller daily gains and mixed order activities, Credo's market cap stands at $36.61B. These figures are current as of Oct 02, 2026 01:12 WIB.
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...
Credo Technology Group Holding Ltd reported robust year-over-year revenue growth driven by high demand for AI infrastructure and strong partnerships with hyperscalers. Despite some margin contraction in the first quarter, the company expects profitab...
