Credo Technologies' (NASDAQ: CRDO) fiscal year 2026 (FY2026) Q2 results are yet another example of why the AI trade is far from over. As NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) continue to dominate GPU sales for AI data centers built by Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Meta Platforms (NASDAQ: META), the demand for high-speed connectivity grows in parallel. That’s where Credo comes in—positioning itself as a critical supplier of optical connectivity components enabling AI infrastructure.
The company's FY2026 Q2 results were better-than-WOW, and its forward guidance overshadowed that strength. With AI-capable technologies driving demand, Credo is not just reporting growth—it’s becoming a cash-generating engine.
