Across the board, Wall Street analysts lifted their price targets for Credo after the semiconductor company posted a fiscal second-quarter earnings beat. Credo, which manufactures cables and chips to connect powerful AI computers, hasn't had its name get mentioned as much as the leaders of the current artificial intelligence boom. Yet the stock has surged 155% this year, outperforming other semiconductor names such as Nvidia and Broadcom. CRDO YTD mountain CRDO YTD chart On Monday, Credo posted fiscal second-quarter adjusted earnings of 67 cents per share, exceeding the 49 cents analysts polled by LSEG were seeking. The company's $268 million revenue also beat expectations of $235 million. Credo also posted revenue guidance for its current quarter of between $335 million to $345 million, w
Analysts lift their price targets for this little-known AI company after an earnings beat
CNBC Investing3 hrs ago
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