**公司及行业** Credo Technology Group (NasdaqGS: CRDO) 专注于数据中心AI基础设施中的高速连接解决方案 主要产品包括有源电缆(AECs)和光通信DSP芯片 核心使命是通过高可靠性、高能效的连接方案突破带宽限制 服务于AI集群中的GPU互联、前端网络交换及扩展型网络(scale-out/scale-up)场景[4][9][10] **核心观点与论据** * 有源电缆(AECs)市场空间显著扩大 公司预估总市场规模(TAM)从20亿美元增至50-100亿美元 驱动因素包括AI需求、液冷技术推广及替代光学连接的可靠性优势[8][9][15] * AECs产品具备千倍于光学连接的可靠性 在AI集群中可避免因单点链路故障导致的整体集群宕机 目前最大支持7米长度(100G/lane) 且成本低于光学方案[5][12][29] * 公司为唯一垂直整合的AECs供应商 通过芯片与线缆一体化设计实现技术壁垒 竞争优势包括首发样品能力、客户协同创新及端到端责任追溯[31][32] * 客户采用率快速提升 第四大客户预计在一年内从零增长至年收入占比10% 第五大客户预计2025年底开始量产 单个超大规模客户年贡献收入可超1亿美元[24][25][45] * 光学DSP业务推出线性接收光模块(LRO)方案 在保持DSP完整功能的同时降低功耗 应对1.6T端口功率瓶颈 目前同时提供传统DSP和LRO方案供客户选择[48][49][50] **其他重要内容** * 财务表现方面 2026财年第一季度收入同比增长274% 产品毛利率扩张超500基点 但公司维持长期毛利率63%-65%的指引 因产品组合可能波动[55][56] * 研发投入同比增长50% 超半数资源投向光学等未来技术 成果预计3-5年后显现[58] * 公司战略聚焦连接领域系统级产品 可能通过并购获取IP或营收 但明确不涉足交换机或GPU设计[59][61][62] * 铜缆供应链持续改进 公司预计200G/lane时代电缆长度可能从7米缩短至5米 但铜缆在400G/lane仍具可行性[19][36] **潜在风险与挑战** * 客户部署计划存在波动性 12个月预测可能调整 近期经历两大客户需求突然拉货及第四客户快速上量[22][23][24] * 市场对AECs的认知仍存偏差 部分客户默认选择光学方案 需教育其理解可靠性价值[16][17][63] * 光学DSP领域面临迈威尔(Marvell)和博通(Broadcom)的竞争 公司计划通过提升系统级可靠性差异化突围[51][53]

公司股价表现 - 过去一周股价上涨14.44% 同期行业下跌0.1% [5] - 单月涨幅达18.86% 显著优于行业0.88%的涨幅 [5] - 过去季度股价飙升86.96% 年度累计涨幅达498.51% [6] 相对市场表现 - 同期标普500指数涨幅仅8.78%(季度)和20.41%(年度) [6] - 20日平均交易量达5,072,684股 显示市场参与度高 [7] 盈利预测调整 - 过去两个月4项全年盈利预测上调 无下调 [9] - 共识预期从1.48美元升至2.00美元 增幅35% [9] - 下财年3项预测上调 无下调修正 [9] 投资评级 - 获Zacks动量风格评分A级 属最高评级 [2][11] - 当前Zacks排名为1(强力买入) [3][11] - 同时具备A级评分和1排名的股票历史表现优于市场 [3]

Credo Technology Group Holding Ltd (CRDO) has announced a breakthrough in optical networking technology. The company unveiled its high-performance, low-power Bluebird Digital Signal Processor (DSP) designed for 1.6Tbps optical transceivers. This cutting-edge solution enables energy-efficient 224Gbps per lane PAM4 data transmission, a critical advancement that helps unlock the full computational potential of next-generation GPUs, cloud computing infrastructures, AI-driven applications and hyperscale networks ...

Key Takeaways Monster beat-and-raise quarter delivers 48% EPS beat and 273% revenue growthCredo is forecast to grow sales over 120% for the second consecutive yearCredo's Active Electrical Cables use copper in more efficient ways Jensen lovesI last wrote about Credo Technology Group ((CRDO) as the Bull of the Day in early May when shares were trading under $50. Two beat-and-raise earnings reports later, the stock has more than tripled.Credo Technology is a key supplier of high-performance serial connectivit ...

半导体板块美股盘前表现 - 半导体板块美股盘前普遍上涨 [1] - AMD和Credo Technology股价涨幅超过3% [1] - 博通股价涨幅超过2% [1] - 英伟达、台积电和美光科技股价涨幅超过1% [1]

Credo Technology Group Holding Ltd. (CRDO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure:I/we have a beneficial long position in the shares of AVGO either through stock ownership, options, or other derivatives. I wrote this article mysel ...

Credo Technology Group Holding Ltd (NASDAQ: CRDO ) is emerging as a pure-play leader in AI data center connectivity. Q1 FY2026 revenue surged 274% YoY to $223 million, with 67.3% gross margins and rising profitability. Its flagship AEC (Active Electrical Cables) products are now the standard forHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fe ...

The AI Frenzy continues to dominate headlines, with the trend undoubtedly going nowhere anytime soon. It’s reasonable to understand why are so many bullish on the development, regularly compared to the internet boom in the early 2000’s.But outside of NVIDIA (NVDA) , there are several lesser-known plays on the AI Frenzy, a list that includes Credo Technology (CRDO) and Comfort Systems USA (FIX) . Let’s take a closer look at each.Credo Sees Growth SurgeCredo Technology provides innovative, secure, high-speed ...

Key Takeaways CRDO stock jumped 12.9% post-earnings, closing last session at $140.82 after a 52-week highThree hyperscalers each made up over 10% of revenues, with more ramps ahead.CRDO trades at a premium P/S of 23.58 versus the sector's 9.37.Credo Technology Group Holding Ltd (CRDO) stock has surged 12.9% since the company reported strong first-quarter fiscal 2026 results on Sept. 3. It reported explosive revenue growth amid the AI infrastructure boom and provided robust guidance for fiscal 2026.Driven by ...