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Credo's revenue and EPS growth are impressive, with margins expanding and Q1 guidance pointing to even stronger results ahead. Management is actively diversifying the customer base, reducing Amazon dependency and mitigating key business risks. Despite a high P/S ratio, I believe Credo's exceptional growth and industry leadership justify the premium valuation.
Here is how Credo Technology Group Holding Ltd. (CRDO) and IBM (IBM) have performed compared to their sector so far this year.
CRDO jumps 144% in three months as AI momentum, strong product demand and upbeat outlook fuel investor confidence.
With semiconductors being critical to electronic components, Credo Technology Group (CRDO) and Nova Limited (NVMI) are two standouts in the tech sector at the moment.
APP, INTU, MNDY, CRDO and GFI are five growth stocks that have surged in the past three months and look poised to extend gains in July.
When stocks are cruising near all-time or 52-week highs, it reflects considerable bullishness with trends where buyers are in control.
Credo Tech stock isolates some of the best characteristics we look for in performance, and so let's view a leap covered call.
Credo expands margins and accelerates product wins as disciplined growth is expected to push net margin toward 40% in fiscal 2026.
Does Credo Technology Group Holding Ltd. (CRDO) have what it takes to be a top stock pick for momentum investors?
It's time for investors to buy strong technology stocks set to benefit from the artificial intelligence boom and other key trends heading into July.