Credo’s blowout quarter hides a huge risk Wall Street can’t ignore

Credo Technology Group Holding (CRDO) is at it once again. The latest quarterly numbers once again make a strong case as to why the triple-digit rally the stock enjoyed last year is likely to continue. But they come with a caveat. Most headlines coming post earnings emphasized record revenue and eye-popping margins. However, the Credo earnings call laid out some bombshell revelations regarding its “two-customer” reality. Credo also spoke about how it amassed a $1.3 billion war chest. During the Q&A, CFO ...