Why Credo Technology Rallied Over 37% in December
Shares of Credo Technology Group (NASDAQ: CRDO) rallied 37.3% in December, according to data from S&P Global Market Intelligence.
All of Credo's gains occurred in the wake of its early-December earnings report, in which the company beat expectations and issued blowout forward guidance, indicating an uptake in its unique technologies for artificial intelligence (AI) data centers.
Credo makes a few different products in data center connectivity equipment, including serializer/deserializer (SerDes) and digital signal processor technologies, which are productized into chipsets; active electrical cables (AECs); and SerDes chiplets, which Credo licenses to other larger chipmakers.
Source Fool.com
