Credo Remains A Buy Ahead Of Earnings (Earnings Preview)

Credo Technology Group Holding Ltd. remains a buy ahead of Q4 earnings, with strong catalysts from the AI super-cycle and recent DustPhotonics acquisition. CRDO's Q3 results showed 201.5% YoY revenue growth, 328% YoY EPS growth, and robust operating leverage, supporting continued bullish sentiment. The DustPhotonics acquisition expands CRDO's TAM and positions it to capture significant market share in optical and AEC solutions for hyperscalers.