NASDAQ:CRDO - Nasdaq - KYG254571055 - Common Stock - Currency: USD
Salesforce and mostly positive tech earnings buoyed the major indexes.
The company reported earnings last night that not only beat analyst estimates but also delivered blowout guidance, suggesting Credo has emerged as a new artificial intelligence (AI) winner. Credo makes a unique cable product called an active electrical cable (AEC), which connects data center servers to networking switches. The company claims its AECs take up 75% less space than Direct Attach Copper (DAC) cables and offer 50% more power efficiency versus active optical cable (AOC) alternatives.
Credo Technology added new cloud computing customers as growth ramps up.