Credo Technology (US:CRDO) 智通财经网·2025-09-05 00:30Core Viewpoint - Credo Technology's stock surged due to its Q1 earnings report and guidance exceeding market expectations, receiving high praise from Wall Street [1][2] Group 1: Financial Performance - The company's stock price increased by 7.40% on Thursday, with a year-to-date gain approaching 100% [1] - Analysts expect revenue growth of approximately 120% for the fiscal year 2026, with sequential revenue growth anticipated in Q2 to Q4 [2] Group 2: Client Contributions - Three major clients, identified as Amazon, Microsoft, and xAI, contributed over 10% of revenue, with respective contributions of 33%, 20%, and 35% [1] - A fourth major client made a significant revenue contribution in Q1, expected to exceed 10% by fiscal year 2026 [1] Group 3: Market Position and Product Offering - Credo Technology plays a critical role in the AI data center high-speed data connection sector, with a focus on active cable technology [2] - The company has a leading position in the active cable market, which is considered more reliable and energy-efficient compared to traditional optical cables and passive copper cables [2] Group 4: Analyst Insights - Susquehanna analyst Christopher Rolland raised the target price for Credo Technology from $115 to $165 following the earnings report [1] - Needham analyst N.Quinn Bolton also raised the target price, highlighting the company's strong performance and expanding market opportunities [2]