Credo (CRDO) revenue more than doubled. What is it selling beyond copper cables? Published November 4, 2026 at 12:03 pm EST We just published the list of the 10 Best Meme Stocks to Invest In and Credo ranked 8th on this list. Nobody has to double their money every year to build real wealth. An investor who puts $10,000 into a stock that returns 15% annually and holds it for 40 years ends up with about $2.7 million. That takes patience, not a lucky guess. Reaching for stocks that promise to multiply overnight makes that outcome less likely, not more, because a single collapse can wipe out years of...

Credo Technology (CRDO) shares fell 28.4% from September 25 to October 26, 2026, while the S&P 500 slipped 0.8%. The stock closed at $151.15, about half its June 22 high and near the level where it bounced twice in late 2025. Since October 2024, the shares returned to this price six times. Three visits ended with a 5% drop before a 20% gain; two reached the 20% gain first. Business growth remains strong. Revenue hit $479 million in fiscal Q1 2027, up 114.7% year on year. However, operating margin fell to 25.2% from 35.7% in the previous quarter. Credo guided fiscal Q2 revenue to $525 million to $535 million. It reports in early December 2026.

MaxLinear, a connectivity chip maker, aims to win 20% to 30% of the active electrical cable (AEC) market in the 1.6-terabit cycle within the next couple of years. Credo Technology Group leads that market, and its shares fell intraday. Chief executive officer Kishore Seendripu put Credo's share at 93% or perhaps 99%, but said the market is diversifying as the technical problem grows more complex. MaxLinear will sell its Annapurna chips to cable makers rather than complete cables, so its AEC revenue will be smaller. It is targeting one or two large US data centres, with first revenue expected in 2027 and a stronger ramp in 2028. Third-quarter revenue rose 72% to $218.1 million. MaxLinear raised its 2026 optical data centre revenue outlook to $250 million to $270 million and guided fourth-quarter revenue to $240 million to $260 million. Foundry supply of its DSP chips remains a constraint.