From Nasdaq: 2025-06-18 04:00:00

Credo Technology Group, a Zacks Rank #1 stock, specializes in high-speed connections for data centers, AI systems, and cloud computing. Their products, like AECs and DSPs, are crucial for cash-rich clients like Amazon, Nvidia, AMD, and Tesla in the rapidly growing data center market. CRDO consistently beats earnings expectations and shows strong price action, making it a compelling investment opportunity.

Meanwhile, CRDO is benefiting from the rapid expansion of data centers, AI, and cloud computing, with Wall Street analysts expecting triple-digit earnings growth. The company has a history of exceeding Zacks Consensus Estimates and has shown strong price performance, outpacing the S&P 500. Shares are currently forming a bullish cup-with-handle pattern, signaling further potential growth.

In a report highlighting 5 stocks set to double, CRDO is identified as a top pick with the potential to gain over 100% in the coming year. These handpicked stocks have the opportunity for significant growth, with previous recommendations seeing impressive returns. This presents an opportunity for investors to capitalize on undervalued stocks with high growth potential.



Read more at Nasdaq: Bull of the Day: Credo Technology Group (CRDO)