Credo's Growth Story Is Only Getting Started

Credo Technology is rated a Strong Buy, driven by surging AI data center demand and hyperscaler capex. CRDO's revenue grew 205% annually, with operating margins reaching 33.3% and net income projected to exceed $2.4 billion by FY2029. I model a 60x earnings multiple and 3% annual dilution, supporting annualized returns of 30%+ through 2029.