Summary

• Credo Technology is hugely capitalizing on AI-driven optical networking growth, with its recent DustPhotonics acquisition enhancing its silicon photonics portfolio.
• While AEC remains significant, future growth is shifting toward optical, with management expecting half of FY2027 growth from the optical segment.
• CRDO delivered over 200% YoY revenue growth in FY2026 and is projected to reach $2.5B revenue by FY2027, as buyers try to justify its elevated 40x multiple.
• However, it appears to be a stretch if investors are looking for it to regain its 80x multiple back in late 2025.
• It's getting obvious to me why the current valuation reflects much of the growth, with momentum expected to decelerate and volatility likely to present better entry points.
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Credo Technology: This Could Be Peak Growth, Looking at You Right Now

It really doesn't get any better than this. Credo Technology (CRDO) has been really taking the tech world by storm. It is plugging into the

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