Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the stocks Jim Cramer offered insights on. A caller sought Cramer’s thoughts on the stock, and he stated:
“Credo’s a winner. Credo’s, boy, there’s a lot of insider selling in that one. But no, we think that Credo has one of the great growth stories, and I’m not going to back away from it. Look, this is… Right now, people hate what’s inside the data center, but there is good business being done inside the data center. And just because we haven’t figured out how all the financing is going to happen… Credo still works for me.”
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Credo Technology Group Holding Ltd (NASDAQ:CRDO) designs high-speed connectivity chips and solutions used in Ethernet and PCIe applications, including active cables, signal processing chips, and serializer/deserializer technology. During the September 26 episode, Cramer said that the company is “like a mini NVIDIA,” as he commented:
“After that report, it’s looking like Credo will be able to put up nearly threefold earnings growth this year. It’s like a mini NVIDIA. It’s a rocket ship…. It’s tremendously profitable with breathtaking earnings growth… All that said, I’m going to give you some caveats because it’s up so much. For starters, this company’s level of company concentration for their customers is way too high… Second issue, lately, we’ve seen some insider selling…
