Core Insights - Credo Technology has become essential in AI infrastructure, with its stock price soaring nearly 250% over the past year, leading to the emergence of two new billionaires among its founders and early investors [2][5]. Company Overview - Credo Technology, headquartered in the Cayman Islands, specializes in data center connectivity cables and has positioned itself as a market leader in this sector [6]. - The company was founded by former Marvell Technologies employees, including Chi Fung "Lawrence" Cheng and Pantas Sutardja, who have significant backgrounds in the semiconductor industry [3][4]. Financial Performance - As of the latest financial year ending May 3, 2025, Credo reported revenues of $437 million, more than tripling since its IPO [4]. - Pantas Sutardja's 3% stake in Credo has increased in value by over 17 times, reaching $1 billion, while Cheng's 4% stake is valued at $1.2 billion [5]. Market Position and Product Offering - Credo's active electrical cables (AEC) are crucial for connecting devices in data centers, which are central to AI model computing needs. These cables are noted for being thinner and more flexible compared to standard direct attach copper cables (DAC) [6]. - The company has not disclosed its client list but is believed to be collaborating with major players like xAI, Microsoft, and Amazon [6]. Industry Context - The rise of AI infrastructure has created significant wealth among investors and executives in companies providing essential services and products, with Credo being a notable example [5][7].