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Credo Q1 Revenue Doubles on AI Networking Boom, Bolstering Semi Outlook

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The Story

News Summary

  • Credo Technology reported record Q1 revenue of $479 million, up 115% year-over-year, driven by robust demand for AI cluster connectivity.
  • Management highlighted rapid expansion in optical DSPs, Zero-Flap Optics, and AECs, forecasting over 85% full-year growth and affirming surging hyperscaler AI networking capex.
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