Core Insights - The analysis focuses on the Top 10 Stocks for 2025, with an emphasis on understanding each company in depth and their respective business models [1]. Group 1: Experience and Analysis - The analyst has over 30 years of experience in critically analyzing various industries, including airlines, oil, retail, mining, fintech, and e-commerce, as well as macroeconomic, monetary, and political factors [1]. - The analyst expresses a strong passion for learning and applying experience to new ideas, technology, innovation, and business models [1]. - The analyst's background includes navigating multiple crises, such as the dot-com bubble, 9/11, the great recession, and the COVID-19 pandemic, which contributes to a robust analytical foundation [1].

Subscription Benefits - A single subscription to Beyond the Wall Investing can save thousands of dollars annually on equity research reports from banks [1] - Subscribers gain access to the latest and highest-quality analysis, keeping them informed about market trends [1] Features of Beyond the Wall Investing - The investing group offers a fundamentals-based portfolio [2] - Weekly analysis provides insights from institutional investors [2] - Regular alerts are provided for short-term trade ideas based on technical signals [2] - Ticker feedback is available upon request from readers [2] - Community chat is a feature that fosters interaction among members [2] Analyst's Position - The analyst holds a beneficial long position in CRDO shares through stock ownership, options, or other derivatives [2]

Shares of Credo Technology (CRDO 0.51%), which makes high-speed connectivity solutions for the data infrastructure market, skyrocketed 245% in 2024, according to data from S&P Global Market Intelligence. (In 2025, Credo stock is down 3.2% through Tuesday, Jan. 14.)For context, Credo stock's 2024 performance was nearly 10 times the S&P 500 index's 25% return and more than 8 times the tech-heavy Nasdaq Composite index's return of 29.6%. Moreover, shares of Credo even outperformed those of the mighty artificia ...

Shares of Credo Technology Group (CRDO -2.09%) rallied 37.3% in December, according to data from S&P Global Market Intelligence.All of Credo's gains occurred in the wake of its early-December earnings report, in which the company beat expectations and issued blowout forward guidance, indicating an uptake in its unique technologies for artificial intelligence (AI) data centers.Credo's active cables go electricCredo makes a few different products in data center connectivity equipment, including serializer/des ...

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Core Viewpoint - Credo Technology Group (CRDO) has experienced significant stock performance, gaining 284.1% over the past year, driven by increasing demand for bandwidth due to AI infrastructure deployment [1][5]. Company Performance - CRDO's stock performance has outpaced the broader Zacks Computer & Technology sector, which returned 33.5%, and the Zacks Electronics Semiconductors industry, which appreciated 67.4% [1]. - The company has a strong portfolio that addresses the growing need for rack scale interconnectivity in AI and machine learning infrastructure [6][19]. Clientele and Market Position - Credo's solutions are utilized by major hyperscalers and include over 20 blue-chip clients, such as original equipment manufacturers and optical module manufacturers [2]. Product Offerings - CRDO's Ethernet solutions support port speeds ranging from 100 G to 1.6 T (terabits) per second, including active electrical cables, optical Digital Signal Processors, line card retimers, and SerDes chiplets [7][10]. - Active Electrical Cables (AECs) have shown record revenues due to strong demand, outperforming laser-based optics in terms of power efficiency and reliability [8][9]. Financial Outlook - For the third quarter of fiscal 2025, CRDO expects revenues between $115 million and $125 million, indicating a sequential growth of 67% at the midpoint [11]. - The company anticipates over 100% revenue growth for fiscal 2025, with operating expenses expected to grow at less than half the rate of revenues, leading to margin expansion [11][12]. Earnings Estimates - The Zacks Consensus Estimate for third-quarter fiscal 2025 revenues is $120 million, reflecting a year-over-year growth of 126.16% [13]. - The consensus for fiscal 2025 revenues is projected at $386.95 million, indicating a year-over-year growth of 100.52% [13]. Valuation and Investment Recommendation - Credo is currently trading at a premium with a forward Price/Sales ratio of 23.24X, significantly higher than the sector's 6.98X [16]. - The company holds a Zacks Rank 2 (Buy), suggesting that investors should consider accumulating the stock [19].

Disclosure and Author Information - The author has no stock, option, or derivative positions in any mentioned companies and no plans to initiate such positions within the next 72 hours [1] - The article expresses the author's own opinions and is not receiving compensation other than from Seeking Alpha [1] - The author has no business relationship with any company whose stock is mentioned in the article [1] - Seeking Alpha's disclosure states that past performance is no guarantee of future results and no investment recommendations are provided [2] - Seeking Alpha is not a licensed securities dealer, broker, or US investment adviser, and its analysts may not be licensed or certified by any regulatory body [2]

Analyst Background - Uttam is a growth-oriented investment analyst with a primary focus on the technology sector, including semiconductors, artificial intelligence, and cloud software [1] - His research also covers MedTech, Defense Tech, and Renewable Energy sectors [1] - Uttam has prior experience leading teams at major technology firms such as Apple and Google in Silicon Valley [1] - He co-authors The Pragmatic Optimist Newsletter with his wife, Amrita Roy, which is regularly cited by leading publications like the Wall Street Journal and Forbes [1] Disclosure Information - The analyst has no current stock, option, or derivative positions in the mentioned companies but may initiate a long position in CRDO within the next 72 hours [2] - The article expresses the analyst's own opinions and is not influenced by compensation or business relationships with the mentioned companies [2] - Seeking Alpha's disclosure emphasizes that past performance does not guarantee future results and that their analysts are third-party authors, including both professional and individual investors [3]

Investment Rating - The report maintains a "Buy" rating for Credo Technology Group Holding Ltd [2] Core Views - Credo Technology Group Holding Ltd achieved record revenue of $72.034 million in FY25Q2, representing a YoY increase of 63.6% and a QoQ increase of 20.6% [1] - The company expects FY25Q3 revenue to be between $115 million and $125 million, with a midpoint QoQ growth of 67% [1] - The company anticipates double-digit QoQ growth in FY25Q4 and approximately 50% YoY revenue growth in FY26 [1] - The company's AEC products are entering a volume production phase, with cloud vendor ASIC and AI Ethernet trends expected to drive high-speed growth [2] Financial Performance - FY25Q2 GAAP gross margin was 63.2%, while Non-GAAP gross margin was 63.6% [1] - FY25Q2 GAAP net loss was $4.225 million, while Non-GAAP net profit was $12.255 million [1] - The company expects FY25Q3 GAAP gross margin to be between 60.6% and 62.6%, and Non-GAAP gross margin between 61.0% and 63.0% [1] - Revenue is projected to grow from $393 million in FY25 to $765 million in FY27, with GAAP net profit expected to turn positive at $22 million in FY26 and reach $30.37 million in FY27 [2][6] Business Analysis - FY25Q2 revenue breakdown: product sales $64.443 million, product engineering services $4.632 million, IP revenue $2.959 million [2] - Three customers accounted for over 10% of revenue, with Microsoft at 11%, a second AEC large customer at 33%, and a new large customer at 14% [2] - The company has completed tape-out for its single-channel 200G 3nm optical module DSP and released a demo for PCIe GEN6/7 retimer, with sampling expected in CY25 and revenue generation in CY26 [2] Valuation - Current stock price implies FY25-FY27 PS ratios of 20x, 14x, and 10x respectively [2] - FY25-FY27 revenue estimates are $393 million, $586 million, and $765 million respectively [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number: 001-41249 Credo Technology Group Holding Ltd (Exact name of registrant as specified in its charter) Cayman ...