Is Credo (CRDO) The Most Underrated AI Stock to Buy?

Core Insights - Analysts are increasingly optimistic about Credo Technology Group Holding Ltd (NASDAQ:CRDO), highlighting its role in the AI data center market and its significant revenue growth [2][3]. Group 1: Company Performance - Credo Technology reported a revenue growth of nearly 180% in its most recent quarter and anticipates over 200% growth in the current quarter [3]. - The company is benefiting from the AI data center buildouts by major clients such as Amazon and Microsoft [3]. Group 2: Market Trends - The networking sector is viewed as an underappreciated growth area, with its share of investment in AI infrastructure expected to increase from 10% to 20-30% [2]. - The shift in focus from individual chips to data center connectivity is driving demand for networking solutions [2]. Group 3: Future Outlook - Credo Technology is expected to ramp up revenues with two new hyperscale customers in fiscal 2026 [3]. - While revenue growth may slow later in the year, the company is projected to maintain robust growth in the long term [3].