Mentioned
Credo Technology Group Holding Ltd
CRDO
10.93 (5.15%)
223.20
223.39
SPX500 Index (Non Expiry)
SPX500
40.36 (0.54%)
7484.07
7485.21
NASDAQ100 Index (Non Expiry)
NSDQ100
387.47 (1.36%)
28982.42
28986.78
Bogdan Sumaruk
Bogdan Sumaruk
Italy
2mo
$CRDO (Credo Technology Group Holding Ltd) Strong Numbers, Ugly Reaction My largest position as for now, so I need to talk about it. $CRDO reported very strong Q4 results. Revenue came in at $437M, up 157% year over year and about 7.4% sequentially. Adjusted EPS was $1.16. For next quarter, management guided revenue to $465M - $475M, also ahead of expectations. So the business is not the problem. The problem is valuation and expectations. After a huge run in AI infrastructure names, the market was already pricing in perfection. When a stock is priced like everything must go right, even a strong beat can still trigger selling if investors decide the upside is already in the price. After hours, $CRDO dropped more than 12% despite the beat. My read: the company is executing very well, but the stock reaction is a reminder that great businesses and great prices are not the same thing. We are still up even after this drop. Nothing changes. Thank you for your time, Bogdan $SPX500 $NSDQ100
Not investment advice. The author may have financial interests in the mentioned instruments.
3 Mentioned
Credo Technology Group Holding Ltd
CRDO
Credo Technology Group Holding Ltd
SPX500 Index (Non Expiry)
SPX500
SPX500 Index (Non Expiry)
NASDAQ100 Index (Non Expiry)
NSDQ100
NASDAQ100 Index (Non Expiry)
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