Credo: 154% Revenue Growth Driven by AI Data Center Boom
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The stock of networking equipment provider Credo Technology (NASDAQ: CRDO) gained momentum after the announcement of its quarterly results for Q3 of fiscal year 2025. The company recorded a record revenue of $135 million, representing an 87% increase compared to the previous quarter and a 154% growth year-over-year. The strong numbers are largely attributed to the increased demand for high-speed connections in AI data centers, particularly from a major hyperscaler customer. CEO Bill Brennan commented on the success: "We have achieved the expected...
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