“I'm BUYING This Stock Hand Over Fist”
CRDO is a buy; the post-earnings decline is overdone given strong fundamental growth (115% YoY) and an intact long-term AI infrastructure thesis.
Instead, this is a stock that has been completely crushed, and that is exactly what happened to Credo Technology, whose stock ticker symbol is CRDO. Following the earnings announcement, the stock fell by more than 20% at one point, even though the underlying business continued to grow at an exceptional rate.