Credo: I Can't Believe It Has Now Become A Relative Bargain

JR ResearchInvesting Group LeaderFollow5ShareSavePlay(12min)Comments(2)SummaryCredo Technology Group Holding Ltd delivered over 200% YoY and 52% QoQ revenue growth in its recent quarter, yet shares remain under pressure. What else do investors want?Despite hyperscaler CapEx tailwinds through 2026, management guides for slowing growth in fiscal 2027, with revenue expected to rise by over 50% YoY. But still very rapid growth, right?CRDO stock's valuation has compressed below 22x, now under the semiconductor median, presenting an attractive entry for long-term investors.I firmly maintain my Buy rating, seeing the market's selloff as overdone and CRDO's execution and free cash flow margins near 40% as compelling.Looking for a helping hand in the market? Members of Ultimate Growth Investing get exclusive ideas and guidance to navigate any climate. Learn More » DNY59/E+ via Getty Images Credo: Market Still Wants More After Such A Massive Quarter? These are baffling moments for semiconductor investors. The recent earnings for NVIDIA Corporation (NVDA) demonstrated to us that, even as the company posted anThis article was written byJR Research46.99K FollowersFollowJR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and also by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. I identify attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. My picks have consistently demonstrated market outperformance over time. My approach combines timely and sharp price action analysis with fundamentals as my foundation. I also tend to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. I run the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. My main ideas revolve around stocks with strong growth potential, and also well-beaten contrarian plays. I designed the group for investors seeking to capitalize on growth stocks with solid fundamentals, robust buying momentum, and appealing turnaround plays to generate alpha consistently. Learn moreAnalyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, SMH 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.