Thomas Barwick
Unless you’ve been hiding under a rock, it’s impossible to ignore the massive impact that AI has had on the stock market over the last three years. Between Nvidia's (NVDA) precipitous ascent into global mega-cap
Everyone's Focused On Nvidia - But Credo May Be The Smarter AI Bet
Summary
- AI's explosive growth has reshaped the stock market, with Nvidia leading the charge and cloud giants investing heavily in AI infrastructure.
- Credo Technology Group, specializing in AI networking, is a lesser-known but significant beneficiary of the AI investment surge.
- With strong margins, serious growth potential, and trading at a reasonable price, we rate CRDO stock a 'Strong Buy'.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRDO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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