Market is repricing $CRDO
Market is repricing $CRDO
So hit 52 weeks high back in december after another monster quarter. company has been putting up 200 percent revenue growth consistently quarter over quarter, and its profitable.
But since then its been selling off due to copper being dead narrative which is true to certain extent as optics take over. But and $AVGO CEO both confirmed that copper isnt dead and will be used still.
Yesterday things just got very interesting. They brought Dust photonics for 750 million and are now guiding 500 million in optics revenue for FY2027. This is on top of their copper revenue which they are in market leader of. They kinda own whole shit now. copper handles short haul stuff in data centres, but as Al clusters explode you need optics fiber to move all that data
i've been watching credo for a bit and that acquisition really changes the narrative for them. do you think they'll be able to hit those optics targets by 2027?
