Nvidia CEO Jensen Huang reaffirms copper's role in AI server racks for Vera Rubin & Feynman, causing Coherent and Lumentum shares to fall ~4%. Credo rises as optics wait.
Broadcom confirms major AI customers will stick with copper cables in racks through 2028, boosting Credo shares while Lumentum and Coherent dip after Nvidia's optics investments.
Despite beating Q3 earnings estimates, Credo Technology's stock drops 6% in after-hours trading due to underwhelming Q4 sales guidance that slightly misses Wall Street's expectations.
Credo Technology (CRDO) shares jump 9% after preliminary Q3 revenue exceeds expectations. Management forecasts over 200% growth for fiscal year 2026.
Credo Technology (CRDO) swings to $82.6M profit as Q2 revenue triples to $268M, driven by AI infrastructure demand. Stock jumps 15% on strong outlook.
