High Expectations, Soft Margins: Why CRDO Fell After Earnings
Credo beat Q1 estimates and guided Q2 sales higher, but CRDO sold off as growth slowed, GAAP margins fell, and costs jumped.
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Credo Stock Drops After Q4 Earnings Beat as Guidance Falls Short of Hopes
Credo shares fell after weak forecast despite strong earnings; AI demand stays strong and company grows via new tech deal.
Credo Buys DustPhotonics for $750M: Big Leap into Silicon Photonics for Faster, Cheaper AI Networks
Credo buys DustPhotonics to boost AI data speeds using light chips, cutting costs and power while targeting strong growth in a $6B market.
Huang Reaffirms Copper's Role in Nvidia Servers: Optics Demand Takes a Breather
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.
Credo Surges as Broadcom Delays AI Optics Shift to 2028
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.
Credo Technology Beats Estimates, But Stock Falls on 'Ho-Hum' Outlook
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.