(11th July) Thoughts On Credo (CRDO) ?
@daz888888888:
$CREDO TECHNOLOGY GROUP HOLDING LTD(CRDO)$Data infrastructure networking solutions and licenses provider Credo Technology (NASDAQ: CRDO) stock is only down a merciful (-3%) for the year. It’s worth noting that the fabless semiconductor company only recently IPO’ed in January of 2022 but shares have been resilient due to its strong 90% top-line growth. As a supplier of high-speed connectivity solutions to the data infrastructure market, optimism in the seemingly recession-proof data infrastructure segment is strong. However, the technology bear market has caused investors to choose value and profits over growth and momentum. The Company was able to navigate the supply chain as one its partners in China was shut down during the COVID lockdowns limit