Earnings Outlook
The company’s July-quarter results and guidance came in above Wall Street’s expectations, and some analysts see upside for its AEC and optical offerings
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Credo Technology Group Holding Ltd. continues to post huge growth figures, which have some analysts feeling increasingly bullish about the company’s opportunities as artificial-intelligence spending grows.
The company CRDO provides active electrical cables, optical digital signal processors and other products to hyperscalers, cloud service providers, enterprises and networking customers. Its AECs are used to connect computing racks in AI data centers. With spending on AI infrastructure expected to increase in the foreseeable future, Mizuho sell-side analysts led by Vijay Rakesh said in a Wednesday note that they see Credo’s optical and AEC solutions benefiting from the surge.