Broadcom and Credo Slip as Snowflake Rallies on AI Market Divergence
Investors are reassessing AI valuations as Broadcom and Credo retreat despite earnings beats, while Snowflake gains momentum on robust cloud consumption metrics.
Investors are reassessing AI valuations as Broadcom and Credo retreat despite earnings beats, while Snowflake gains momentum on robust cloud consumption metrics.
Credo Technology posts strong revenue growth of 115% but faces margin pressure and rising expenses as it integrates the DustPhotonics acquisition.
Credo Technology posted record Q1 revenue of $479 million, driven by surging demand for AI-focused connectivity solutions, including optical DSPs and AECs,…