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Credo Technology (CRDO) tripled revenue to $1.3B with strong AI infrastructure demand, but reaching $600/share by 2030 requires unrealistic 167x forward P/E, despite 95% Wall Street bullishness.
Alger's Q2 2026 letter highlights broad market recovery driven by AI investment and a US-Iran ceasefire, with S&P 500 up 15.2%. Credo Technology (CRDO) was a top contributor due to AI data-center con…
Alger's Q2 2026 letter highlights Credo Technology's strong contribution to fund performance, driven by AI data center connectivity demand, despite the stock not being a core watchlist symbol.
Article highlights Credo Technology's (CRDO) explosive fiscal 2026 growth, tripling revenue to $1.3B with 49.6% operating margins, positioning it as a unique AI data center connectivity play versus l…