CRDO - Credo Technology: Concentration Risk Still Overshadows Hyperscaler Progress
2024-03-12 15:33:34 ET
Summary
- Credo Technology provides high-speed connectivity solutions including integrated circuits, Active Electrical Cables, and Serializer and Deserializer Chiplets.
- Despite volatility in 2023, CRDO has had a strong rebound with a 126% return in the past year.
- The company is benefitting from the growing demand for high-performance computing in data centers, particularly from US hyperscalers like Microsoft.
Credo Technology ( CRDO ) is a company providing high-speed connectivity solutions, such as integrated circuits / ICs, Active Electrical Cables / AECs, and Serializer and Deserializaer / SerDes Chiplets....
Credo Technology: Concentration Risk Still Overshadows Hyperscaler Progress