🔥 We just bought Credo $CRDO

We've been following Credo for a while and after the latest drop we decided to open a position.

What do we like about the company?

Revenue for the last quarter was $479 million, up 115% year over year

Non-GAAP net income of $236 million, +140% YoY

Guidance for next quarter is $525–535 million in revenue. The company is benefiting from the growth of AI data centers and the need for faster connectivity between chips and servers (Securities and Exchange Commission)

In our view, connectivity is a part of AI infrastructure that isn't talked about as much as GPUs, but as data centers grow its importance will continue to rise.

Of course, the risk remains higher valuation and high market expectations, so it's definitely not a risk-free stock. But we see further room for growth and that's why we decided to get in.

What do you think about Credo? Do you have $CRDO in your portfolio, or does it still seem too expensive at the current valuation? 👇