CRDO Stock Recent News

Credo Technology Group Holding Ltd (CRDO) is a semiconductor company that specializes in high-speed connectivity solutions for data centers, cloud computing, and telecommunications infrastructure. CRDO performed exceptionally well in its fiscal Q2 FY2025 quarter, reporting a 64% YoY growth in revenue (to $72 million) with solid across all 3 of its main product lines. If Credo keeps growing its business at the pace we saw last fiscal year (and 2 past quarters), I think its stock price should trade well above $100 apiece.

While CRDO is benefiting from its innovative portfolio and growth in AI connectivity, competitive pressures and evolving challenges pose headwinds.

Credo Technology Group Holding Ltd's Ethernet solutions excel in high-speed, reliable, and power-efficient data transfer, crucial for AI and data centers, driving strong demand and growth. The company projects a 50% sequential revenue growth into fiscal Q4 2025, indicating rapid business traction and pulling forward growth by over two years. CRDO stock's valuation at 47x forward non-GAAP EPS is justified by its debt-free status, improving gross margins, and potential for significant free cash flow and net income growth.

Credo Technology is an SA Quant Top 10 Stock Pick for 2025. Credo, a fabless semiconductor company, offers significant growth potential despite a recent market sell-off, driven by robust data center demand and AI implementation. Credo's profitability is set to inflect positively in 2024, with revenue expected to jump 100%, driven by hyperscaler demand for data center build-outs.

Credo's AECs, optical DSPs, and line cards are gaining traction, with its 800G ZeroFlap AECs offering lower power use, cost savings, and improved reliability over laser-based optics. The first reason for my bullishness is CRDO's margins - they're likely to expand in the next few years (the ones below gross margins) and drive massive EPS growth. The second reason for my bullishness is the end market's prospects and the massive TAM (about $1 trillion by 2031) that Credo might gain from.

Artificial intelligence stocks are jumping in morning trading after President Trump announced a $500 billion AI infrastructure plan yesterday.

Quant titan Steven Cress shares his top stocks for 2025. Celestica, Intapp's very strong liquidity and balance sheet, and why Credo Technology Group Holdings is his number 1 pick.

Since the methodology we applied at the end of 2023 produced such a resilient portfolio, we repeated the process using ValuEngine's data from the December 31, 2024 close to choose 10 stocks for the next year. All ten stocks receive ValuEngine's highest rating of 5 (Strong Buy). All are in the top 50% of our universe according to our valuation model. This list focuses mainly on growth companies, and many are easily recognizable names.

Shares of Credo Technology (CRDO 0.51%), which makes high-speed connectivity solutions for the data infrastructure market, skyrocketed 245% in 2024, according to data from S&P Global Market Intelligence. (In 2025, Credo stock is down 3.2% through Tuesday, Jan. 14.

Back in October, we posed a simple question about the artificial intelligence (AI) boom; who keeps the lights on?