Is Credo the next hot AI stock? Its massive growth is impressing Wall Street.
作者：Britney Nguyen
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
Published:
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.
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摘要
Credo Technology Group Holding Ltd. exceeds Wall Street expectations with its July-quarter results and guidance. The company's products, including active electrical cables (AECs) and optical digital signal processors, are anticipated to benefit from increased AI infrastructure spending, leading some analysts to express bullish sentiments.