AI Boom Ignites Credo Stock: 34% Surge and Massive Growth Ahead

GuruFocus.com12-03 22:31

Credo Technology (NASDAQ:CRDO) is riding the AI waveand investors are loving it. The company's stock soared over 34% in premarket trading, hitting $63.98, after it crushed second-quarter expectations....

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The company's stock soared over 34% in premarket trading, hitting $63.98, after it crushed second-quarter expectations....</p>\n\n<a href=\"https://finance.yahoo.com/news/ai-boom-ignites-credo-stock-143102239.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI Boom Ignites Credo Stock: 34% Surge and Massive Growth Ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI Boom Ignites Credo Stock: 34% Surge and Massive Growth Ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-03 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ai-boom-ignites-credo-stock-143102239.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Credo Technology (NASDAQ:CRDO) is riding the AI waveand investors are loving it. The company's stock soared over 34% in premarket trading, hitting $63.98, after it crushed second-quarter expectations....</p>\n\n<a href=\"https://finance.yahoo.com/news/ai-boom-ignites-credo-stock-143102239.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4533","symbol_name":"AQR资本管理(全球第二大对冲基金)","start_time":0,"source_url":"https://finance.yahoo.com/news/ai-boom-ignites-credo-stock-143102239.html","article_id":"2488949902","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488949902","pubTimestamp":1733236262,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Credo Technology  is riding the AI waveand investors are loving it. The company's stock soared over 34% in premarket trading, hitting $63.98, after it crushed second-quarter expectations. Revenue skyrocketed 64% to $72 million, beating estimates of $66.8 million, while adjusted earnings per share landed at $0.07, outpacing predictions of $0.05. CEO Bill Brennan didn't hold back, calling this the turning point they've been anticipating. With Microsoft , Amazon , and other AI heavyweights fueling the demand, Credo's growth engine is firing on all cylinders.For investors, Credo isn't just a stockit's a front-row seat to the AI revolution. With its cutting-edge solutions, growing customer base, and strategic expansions, Credo is proving it has the chops to lead in this high-stakes race. 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The company's stock soared over 34% in premarket trading, hitting $63.98, after it crushed second-quarter expectations. Revenue skyrocketed 64% to $72 million, beating estimates of $66.8 million, while adjusted earnings per share landed at $0.07, outpacing predictions of $0.05. CEO Bill Brennan didn't hold back, calling this the turning point they've been anticipating. With Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and other AI heavyweights fueling the demand, Credo's growth engine is firing on all cylinders.\n\nWarning! GuruFocus has detected 3 Warning Sign with MSFT.\n\nAnd the momentum isn't slowing. Credo's forecast for next quarter is a revenue range of $115 million to $125 millionblowing past Wall Street's $104.6 million projection. The company is also dialing up its competitive edge, with gross margins expected to hold strong between 60.6% and 62.6%. Analysts are bullish, too. Mizuho Securities just raised its price target to $70, calling Credo the ultimate AI-driven tailwind play. Their standout Active Electrical Cable (AEC) tech is helping them outpace the competition, especially as demand for 100G/200G AI server ramps heats up.\nFor investors, Credo isn't just a stockit's a front-row seat to the AI revolution. With its cutting-edge solutions, growing customer base, and strategic expansions, Credo is proving it has the chops to lead in this high-stakes race. Whether it's capitalizing on AI-powered data centers or doubling down on innovation, Credo is positioning itself as a cornerstone of tomorrow's tech ecosystem.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488949902"}