The Contrarian View On Credo Technology

Rational Techne1.23K FollowersFollow5ShareSavePlay(15min)Comment(1)Follow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsSummaryMost of the coverage one reads on Credo Technology in the current environment is very bullish.Such a state of affairs suggests a potentially lucrative trade in taking a contrarian view (assuming such a view is correct).In this article, I examine the contrarian view on Credo Technology, and, as it turns out, I think it's quite compelling. Sashkinw/iStock via Getty Images For years now, the dominant theme in equity markets has been the so-called “AI trade.” Beyond the hyper-scalers and the big chip makers, investors seem to be constantly on the lookout for myriad ways to milk this trade forThis article was written byRational Techne1.23K FollowersFollowI've been in the investing world for over 10 years at this point. My interests in writing on Seeking Alpha center around both the larger purview of macroeconomic themes, as well as around microeconomic issues regarding specific companies. In that way, my writing is very opportunistic, just like my investing. My goal, first and foremost, is to be able to articulate my views clearly and in a way that provides value for the reader, even if they disagree with the conclusions I come to. You might not always agree with me, but if I'm able to stimulate some interesting intellectual activity, I will consider that a success. Happy Investing!Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.