Credo Technology Q3 Earnings Soar: Why You Shouldn't Worry About Hyperscaler Dependence
2025-03-09
Seeking Alpha
Credo Technology has delivered impressive Q3 results, surpassing expectations and boosting its Q4 revenue forecast. Despite concerns over its hyperscaler concentration, the company's strong performance warrants a bullish outlook. With its robust product portfolio and growing demand for high-speed connectivity solutions, Credo Technology is well-positioned for long-term success. As a result, I'm maintaining my buy rating on CRDO stock, driven by its promising growth prospects and competitive edge in the semiconductor industry, including cloud computing and data centre infrastructure.
