Credo: Finally, The Turning Point May Have Arrived
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Credo Technology Group (CRDO) may have reached a turning point after a tech sell-off. Despite concerns over reliance on hyperscalers like AWS, management's diversification efforts and projected 50% YoY growth for FY2026 provide optimism. AI infrastructure spending is expected to continue, albeit at a slower growth rate.
March 16, 2025 | 3:45 pm
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Credo Technology Group's stock may have bottomed out after a tech sell-off. Concerns over reliance on hyperscalers like AWS persist, but management's diversification efforts and a projected 50% YoY growth for FY2026 provide optimism. AI infrastructure spending is expected to continue, though growth may slow.
The article suggests that Credo's stock may have bottomed out, indicating a potential positive short-term impact. The company's efforts to diversify revenue and projected growth provide optimism, despite concerns over reliance on hyperscalers. AI infrastructure spending is expected to continue, supporting the stock's potential recovery.
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