Credo Technology Group (NASDAQ: CRDO) had a stellar week on the market, surging over 14% after posting impressive quarterly results. Its revenue skyrocketed nearly fourfold to over $233 million, with product sales jumping to over $217 million. Analysts expected less than $191 million, but Credo exceeded expectations with $98.3 million in adjusted profitability for the quarter. The company also provided guidance for the next quarter, forecasting revenue between $230 million to $240 million, well above the analyst consensus. With the data center equipment industry booming, Credo is taking full advantage of the opportunity.

Read more at Nasdaq: Why Credo Technology Stock Was a Winner This Week