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AI data center networking demand is surging as AI clusters grow. See why Marvell, Broadcom, Credo and Astera Labs are stocks to watch in August.
Credo and Marvell are riding surging AI connectivity demand, but their growth, margins and outlooks offer different risk-reward profiles.
Credo Technology (CRDO) is finally upgraded to Buy after a sharp 40% pullback, with its valuation now more attractive near a 30x forward earnings multiple. CRDO's earnings profile has improved dramatically, with forward EPS estimates rising nearly 300% year-over-year, driven by AI infrastructure and optical platform growth. The best is yet to be. Competitive risks from Broadcom and Marvell persist, but hyperscaler CapEx, Meta's AI ambitions, and SpaceX-linked opportunities underpin robust medium-term revenue prospects.
Credo Technology (NASDAQ:CRDO | CRDO Price Prediction) has become the pure-play backbone stock of the AI data center buildout, selling the Active Electrical Cables and SerDes retimers that hyperscalers use to connect racks of GPUs.
Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) are climbing 6.3%, last seen at $215.43.
TER, FORM, AMKR and CRDO decline about 30% in a month, but AI chip testing, packaging and high-speed connectivity demand may support a recovery.
I keep hitting the “Buy” button on Credo Technology Group (NASDAQ:CRDO | CRDO Price Prediction) because I have not found another pure-play way to own the wiring of the AI data center at this scale.
Bessemer Group Inc. lifted its position in Credo Technology Group Holding Ltd. (NASDAQ: CRDO) by 8.4% in the undefined quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,134 shares of the company's stock after acquiring an additional 10,110 shares during the period. Bessemer Group Inc. owned
SEC filings for CRDO aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.