CRDO - Credo Technology Group May Have Gotten Ahead Of Itself

• CRDO soared after its IPO in January, but recent developments have given reason to re-assess whether the bull case is as sound as believed.
• The first quarterly report post-IPO contained a pleasant surprise, but it was negated by other not so positive developments.
• Growth is under threat due to China, which is no good since the stock trades at valuations that may be too high in comparison to others.
• CRDO has some things going for it, but it does not offer a compelling enough case to go long at this time.

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