Group 1 - Credo Technology (NASDAQ: CRDO) has seen a significant stock price increase, gaining nearly 90% since June 3 and almost 187% over the past six months [1] - The company's stock surged 20% in one week following strong first-quarter earnings that exceeded Wall Street expectations, highlighting its growing role in the AI sector [3] - Credo's active cable technology is being rapidly adopted, providing more efficient connections between data center servers and network switches compared to traditional cabling [3] Group 2 - Major tech firms such as Amazon, Microsoft, and Elon Musk's xAI are now customers of Credo, each contributing over 10% to the company's revenue [4] - Analysts are optimistic about Credo's future, with TD Cowen raising its price target for CRDO from $140 to $160 [6] - The company anticipates fiscal 2026 revenue between $230 million and $240 million, projecting a year-over-year growth of approximately 120% [6]
U.S. politician is up 90% in two months on this stock