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Credo Dips on Slower Guidance Beat While Broadcom Holds Steady in AI Networking

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The Story

News Summary

  • Credo Technology reported strong Q1 results with 115% revenue growth, but its stock plunged due to a skinnier forward guidance beat and lofty valuation.
  • Broadcom, a key competitor in AI networking and connectivity, saw minimal impact as sector demand fundamentals remain solid.
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