We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
Credo Technology Group Holding Ltd
Information Technology · Semiconductors
6T transitions favor AEC over passive DAC on reach + signal-integrity grounds. CRDO is the merchant leader in AECs with deep design wins at Microsoft, Amazon, and a third hyperscaler ramping FY26. SerDes IP licensing (Intel, Samsung Foundry) is optional upside.
- AEC TAM inflection as 800G GPU clusters generalize beyond Microsoft
- Hyperscaler concentration flipping from risk to validation; third + fourth customers ramping
- Optical DSP (Linear Pluggable Optics, LPO) is a free call option on 1.6T transition
- Gross margin mix-shift toward IP licensing + optical DSP lifts blended GM toward 65%+
- $NVDA Spectrum-X + Blackwell scale-out demand pulls forward AEC orders
- Customer concentration: Microsoft >40% of revenue in recent quarters; single-customer slowdown is brutal
- $MRVL + $AVGO compete on SerDes IP and optical DSP with broader pluggable footprints
- Co-packaged optics (CPO) thesis from $NVDA / $TSM could compress AEC TAM at 1.6T+
- Multiple compression risk - trades at >20x forward sales on hyperscaler-cycle math
- Insider + secondary supply has been heavy through 2026
No major news in the last 7 days for CRDO - only listicles and opinion pieces, which we filter out by default. See everything anyway.