Why Credo Technology Rocketed Higher This Week
Shares of data center connectivity company Credo Technology (NASDAQ: CRDO) rocketed 19.8% this week through Thursday trading, according to data from S&P Global Market Intelligence.Credo reported its fiscal fourth-quarter earnings report this week, posting triple-digit growth on the back of strong adoption of its data center connectivity solutions.Importantly, Credo also noted two more hyperscaler customers that would come online later this year, diversifying the company away from its main customer, Amazon.Continue reading
Shares of data center connectivity company Credo Technology (NASDAQ: CRDO) rocketed 19.8% this week through Thursday trading, according to data from S&P Global Market Intelligence.
Credo reported its fiscal fourth-quarter earnings report this week, posting triple-digit growth on the back of strong adoption of its data center connectivity solutions.
Importantly, Credo also noted two more hyperscaler customers that would come online later this year, diversifying the company away from its main customer, Amazon.
