NBIS revenue surged 454% to $582M with a $37.49B contracted backlog, while ALAB posted its eighth straight EPS beat on 104% revenue growth.
GPUs are worthless without high-speed interconnects, making cables, switches, and optical modules the AI industry's most critical and most overlooked bottleneck.
CRDO plunged 42% last month despite delivering 114.7% revenue growth and guiding for over 85% full-year growth in fiscal 2027.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Astera Labs didn't make the cut. Enter your email to see the names that beat ALAB. The report is free. Enter your email and see if any of your stocks made the cut.
The interconnect layer beneath AI clusters is the current bottleneck. GPUs are useless if they cannot exchange gradients and tokens at line rate, and the cables, switches, retimers, and optical modules that carry that traffic have become the constraint the industry is racing to relieve. One data point frames the pressure: (NASDAQ:ALAB) said PCIe 6 products already made up more than 50% of its total revenue in Q2, up from one third in Q1, evidence that the connectivity generation shift is happening in quarters, not years.

#gpus #cables

Alluvium ****** et Management, an ****** et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $141.20 per share. Over the past month, Charter Communications, Inc. (NASDAQ:CHTR) declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Conventum – Alluvium Global Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the market is understandably concerned with the average revenue per user (ARPU) being flat, and the continual loss of internet customers. Competition is intense from both fixed wireless providers and low earth orbit satellite (Starlink). Compared to Charter's cables, these are higher cost and more capacity constrained. Charter's flat ARPU is the result of its decision to provide a demonstrably better offering at a low price - so why is it losing so many internet customers? We do not know the answer. We do know though that it is growing its mobile subscribers at a much faster rate than it is losing its internet customers, and more than half of its residential customers subscribe to more than one product. We also see positives stemming from the pending ****** acquisition, and indeed management increased expected synergies by 60%. It seems to us that the broader market has extrapolated current conditions to perpetuity..." (Click here to read the full text)

#fund

Alluvium **** et Management, an **** et management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here. The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Charter Communications, Inc. (NASDAQ:CHTR). Charter Communications, Inc. (NASDAQ:CHTR) is a US-based broadband connectivity company. On September 15, 2026, Charter Communications, Inc. (NASDAQ:CHTR) closed at $141.20 per share. Over the past month, Charter Communications, Inc. (NASDAQ:CHTR) declined 7.39% and its shares lost 47.32% over the past 52 weeks. Charter Communications, Inc. (NASDAQ:CHTR) has a market capitalization of $24.73 billion and its stock has traded within a 52-week range of $111.55 and $285.82.
Conventum – Alluvium Global Fund stated the following regarding Charter Communications, Inc. (NASDAQ:CHTR) in its Q2 2026 investor letter:
"Charter Communications, Inc. (NASDAQ:CHTR) and its tracking stock Liberty Broadband fell 34.1% and 33.7% following the release of Charter's results in April. It seems the market is understandably concerned with the average revenue per user (ARPU) being flat, and the continual loss of internet customers. Competition is intense from both fixed wireless providers and low earth orbit satellite (Starlink). Compared to Charter's cables, these are higher cost and more capacity constrained. Charter's flat ARPU is the result of its decision to provide a demonstrably better offering at a low price - so why is it losing so many internet customers? We do not know the answer. We do know though that it is growing its mobile subscribers at a much faster rate than it is losing its internet customers, and more than half of its residential customers subscribe to more than one product. We also see positives stemming from the pending **** acquisition, and indeed management increased expected synergies by 60%. It seems to us that the broader market has extrapolated current conditions to perpetuity..." (Click here to read the full text)

#fund

As the stock market rebounds, it's important to watch the stocks that are holding up and are most loved by equity ****** ysts. They may end up becoming the next big opportunities.
Amazon.com (AMZN), Alphabet (GOOGL) and Dell Technologies (DELL) are three of the seven best stocks where investors can find magnificent profit growth prospects. Investors should be seeking new buy opportunities after the S&P 500 climbed to new highs.
Amphenol (APH) is forming a cup-with-handle base with an 88.17 buy point, according to IBD MarketSurge pattern recognition. The stock, however, slipped below its 50-day moving average. A 2-for-1 stock split went into effect Sept. 2.
Shares gapped up July 29 after Q2 sales and earnings breezed past expectations on solid growth in the IT datacom market.
The company is one of the world's largest providers of fiber-optic and high-speed connectors, including cables and connectors for data centers. Data centers have become an important market for Amphenol as hyperscalers continue the aggressive expansion of AI infrastructure.

#amphenol #investors #data

Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported fiscal first-quarter 2027 revenue of $479.0 million, up 9.6% sequentially. Management said the company's connectivity portfolio now spans copper and optical products, while total revenue increased 114.7% year over year. GAAP gross margin fell to 64.5% from 68.2% in the preceding quarter and 67.4% one year earlier.
GAAP operating expenses increased to $188.4 million from $142.2 million sequentially, while GAAP operating income declined to $120.7 million from $155.8 million. Credo Technology Group Holding Ltd (NASDAQ:CRDO) nevertheless expects another quarter of growth, guiding fiscal second-quarter revenue to $525 million to $535 million. The $530 million midpoint implies approximately 10.6% sequential expansion.
The question is whether revenue growth and the broader AI connectivity portfolio can offset acquisition-related costs and rising operating expenses.
Revenue scale remains the central strength. Credo Technology Group Holding Ltd (NASDAQ:CRDO) offers active electrical cables, optical transceivers, digital signal processors, silicon-photonics components, retimers, and chip-to-chip connectivity. These products address connections spanning short distances inside AI systems through longer links across clusters.
Absolute GAAP gross profit still increased to $309.1 million from $298.1 million sequentially despite the lower margin. Credo Technology Group Holding Ltd (NASDAQ:CRDO) ended the quarter with $764.3 million in cash and short-term investments, down from approximately $1.44 billion following completion of the DustPhotonics acquisition during the quarter. The remaining liquidity supports research, product development, and capacity requirements.

#crdo

Corning (GLW) stock rose Tuesday after the provider of optical communications gear for telecom networks and artificial intelligence data centers announced a multibillion-dollar agreement with longtime customer Verizon Communications (VZ). Corning stock has advanced 70% in 2026, but shares have retreated from a 52-week high set on June 30.
Under the deal, Verizon will buy optical fiber and connectivity products from 2027 to 2032 for its landline broadband network. Verizon also is building a new long-distance backbone network for cloud computing companies.
On the stock market today, Corning stock rose more than 7% to 165.70 in morning trading. Corning stock hit a high of 271.78 on June 30. Meanwhile, Verizon stock climbed nearly 1% to 50.51.
Corning was long known for its flat-panel display business and Gorilla Glass used in smartphones. But the company has pivoted to become a provider of fiber, cables, connectors and networking components needed to link AI computer servers inside and between AI data centers.
Nvidia (NVDA) recently agreed to invest up to $3.2 billion in Corning under a warrant deal. Corning plans to expand production capacity for AI data centers.

#Stock #centers

As the stock market rebounds, it's important to watch the stocks that are holding up and are most loved by equity ****** ysts. They may end up becoming the next big opportunities.
Amazon.com (AMZN), Alphabet (GOOGL) and Dell Technologies (DELL) are three of the seven best stocks where investors can find magnificent profit growth prospects. Investors should be seeking new buy opportunities after the S&P 500 climbed to new highs.
Amphenol (APH) is forming a cup-with-handle base with an 88.17 buy point, according to IBD MarketSurge pattern recognition. The stock is trying to climb back above its 50-day moving average. A 2-for-1 stock split went into effect Sept. 2.
Shares gapped up July 29 after Q2 sales and earnings breezed past expectations on solid growth in the IT datacom market.
The company is one of the world's largest providers of fiber-optic and high-speed connectors, including cables and connectors for data centers. Data centers have become an important market for Amphenol as hyperscalers continue the aggressive expansion of AI infrastructure.

#market #amphenol #data #Growth

Credo Technology (NASDAQ: CRDO) is having a difficult Wednesday. The company reported Q1 2027 results on Tuesday evening, smashing Wall Street's estimates and offering rosy guidance for the next quarter. But the stock was priced for perfection, and Credo gave the bears enough to feast on. The stock closed Wednesday's trading 20% lower.
Let's start with the headline figures. Revenue more than doubled, with a 115% year-over-year jump to $479 million. Adjusted earnings landed at $1.20 per diluted share, up 131% from $0.52 per share in the year-ago period. Credo's active electric cables (AECs) are shipping to five hyperscalers, and the newer optical business is catching up fast. Q2 guidance pointed to roughly $530 million of top-line revenue, up from $268 million in last year's second quarter and well above the current ****** yst consensus at $517 million.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
So it's a classic beat-and-raise report, but there's one uncomfortable wrinkle. Credo's business is incredibly concentrated on a handful of customers. The three largest clients accounted for 74% of total revenues.
That might have been alright for a calmer stock, but Credo is a volatile ticker and it headed into this report at sky-high valuation ratios. After today's sharp drop, the beta value is a massive 3.2, and the stock still trades at 59 times trailing earnings.

#signal #revenue #flashing

Amphenol (APH) stock has been on a strong run in recent years, riding the massive wave of artificial intelligence (AI) infrastructure spending. Once viewed largely as a traditional interconnection and industrial cabling company, Amphenol has increasingly emerged as a key AI infrastructure play, attracting investors looking to capitalize on the rapid expansion of data centers and next-generation computing. The reason is simple: AI is creating an enormous data-transfer challenge.
As increasingly powerful chips process more data at faster speeds, moving that information efficiently between processors and across data centers is becoming just as critical as the computing power itself. Amphenol is positioned directly in the middle of this trend, supplying the connectors, cables, and interconnect solutions needed to handle the growing bandwidth demands of AI infrastructure. As AI workloads scale, the infrastructure surrounding the chips could become an increasingly valuable part of the technology stack.
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#infrastructure #data #chips #once

As the stock market rebounds, it's important to watch the stocks that are holding up and are most loved by equity **** ysts. They may end up becoming the next big opportunities.
Amazon.com (AMZN), Alphabet (GOOGL) and Eli Lilly (LLY) are three of the seven best stocks where investors can find magnificent profit growth prospects. Investors should be seeking new buy opportunities after the S&P 500 climbed to new highs.
Amphenol (APH) is forming a cup-with-handle base with a 176.33 buy point, according to IBD MarketSurge pattern recognition. The stock, however, is below its 50-day moving average. A 2-for-1 stock split is set to go into effect Sept. 2.
Shares gapped up July 29 after Q2 sales and earnings breezed past expectations on solid growth in the IT datacom market.
The company is one of the world's largest providers of fiber-optic and high-speed connectors, including cables and connectors for data centers. Data centers have become an important market for Amphenol as hyperscalers continue the aggressive expansion of AI infrastructure.

#amphenol #important #stocks

Shares of Micron Technology and Sandisk have clocked phenomenal returns over the past year, primarily due to the mission-critical role of the memory chips produced by them for running artificial intelligence (AI) workloads in data centers.
Faster memory chips and larger storage help solve a key bottleneck in AI data centers by enabling the rapid transport of large volumes of data to data center accelerators. As a result, accelerator chips, such as graphics cards and custom processors, don't have to sit idle and waste energy. However, a closer look at the AI infrastructure ecosystem makes it clear that memory isn't the only bottleneck impeding accelerator performance.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The rapid transport of data has created an incredible demand for optical networking components, which use light to quickly transmit massive amounts of data over long distances via fiber-optic cables. Investment banking and brokerage firm Rosenblatt Securities estimates that optical component companies could increase production capacity by 12x between 2025 and 2030.
However, even that won't be enough to meet the booming demand for optical components. Rosenblatt predicts that supply will trail demand by 50% in 2030 despite the massive increase in production through the end of the decade. This explains why optical and photonics components supplier Lumentum Holdings (NASDAQ: LITE) has been experiencing incredible growth in revenue and earnings.

#signal #chips #demand #components

Amphenol Corporation (APH) is a global manufacturer of electrical, electronic, and fiber-optic connectivity products. Headquartered in Wallingford, Connecticut, the company's product portfolio spans connectors, cables, antennas, sensors, and circuit boards for a wide range of industries.
Amphenol's extensive product range has contributed to its growth into a company with an approximate market cap of $209.6 billion. Its stock performance has been notable, with a 50.9% increase over the past 52 weeks, significantly outperforming the S&P 500 Index ($SPX), which returned 20.6% in the same timeframe. The momentum continues into 2026, with APH stock up 22.7% year-to-date (YTD), outpacing the broader market's 13.9% rise.
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#range #headquartered #wallingford

ANTANANARIVO, Madagascar (AP) — The idea was unique for sub-Saharan Africa: Use cable cars to lift thousands of commuters above the daily gridlock in one of Africa's fast-growing cities.
But the system ran for only a few weeks, and now the car-less cables hang unused above Madagascar 's capital in what might be a $170 million mistake by one of the world's poorest countries.
The cable car system in Antananarivo was promoted and inaugurated by former President Andry Rajoelina before he was deposed in a military coup late last year following youth-led protests alleging widespread government failures.
He reasoned it was the best way to end the reliance on aging, overcrowded minibus taxis that create traffic jams stretching for hours, an annoyance for many in the island nation off east Africa. Light rail wouldn't work because of the area's marshlands, he said.
"Antananarivo was built for 300,000 inhabitants. Now there are three million of us," Rajoelina said when the cable cars were unveiled in 2024.

#rajoelina #cars #above #saharan

LVS Advisory, a New York City-based full-service investment firm, recently released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the first half of 2026, the LVS Event-Driven Portfolio appreciated 4.6% (net), and the LVS Levered Event-Driven Portfolio gained 6.5% (net) while the LVS Growth Portfolio declined 4.2% (net). The first two portfolios outperformed, while the latter lagged. However, the firm believes that all three strategies are poised for improved performance. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, LVS Advisory highlighted Vistance Networks, Inc. (NASDAQ:VISN). Vistance Networks, Inc. (NASDAQ:VISN) is a global provider of infrastructure solutions for communications, data center, and entertainment networks. On July 27, 2026, Vistance Networks, Inc. (NASDAQ:VISN) closed at $11.85 per share, reflecting a market capitalization of $2.67 billion. Vistance Networks, Inc. (NASDAQ:VISN) posted a one-month return of -7.95%, while its shares gained 38.79% over the past 52 weeks.
LVS Advisory stated the following regarding Vistance Networks, Inc. (NASDAQ:VISN) in its Q2 2026 investor update:
"Vistance Networks, Inc. (NASDAQ:VISN) is a busted roll-up in the telecom infrastructure industry. Formerly known as CommScope, the company sold cables, wires, fiber equipment, and wireless networking systems to data centers, internet service providers, and corporate campuses.
For years, the company employed an aggressive acquisition strategy to roll up the legacy cable and copper wire industry in an effort to become the leading end-to-end provider of wired and wireless communications. Vistance took on an enormous amount of debt to complete the $3 billion acquisition of BNS from TE Connectivity in 2015 and later the $7 billion acquisition of Arris in 2019. At its peak, the company had accumulated a total of $10.5 billion of debt with a net leverage ratio of 7.1x. The debt load became unsustainable, and the stock collapsed from The board ran a sale process in 2025 in a last-ditch effort to save the company from bankruptcy. This resulted in a series of **** et sales that paid down debt and returned capital to shareholders…" (Click here to read the full text)

#NASDAQ #billion #company

O'Keeffe Stevens Advisory, an investment advisory firm, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. During Q2 2026, the market experienced notable dispersion between perceived AI losers and winners. The firm has made investments early in AI infrastructure companies, which yielded gains during market repricing. The second quarter experienced strong equity rallies, with the S&P 500 gaining 15.2% and the Nasdaq 21.4%, marking the best quarter since Q2 2020. While the software sector faced challenges, with the iShares Software ETF dropping ~27% before a rally, reflecting high volatility. This volatility is seen as an opportunity, despite the potential for 'dead money' in underperforming stocks. The firm remains cautious, focuses on owning durable businesses at reasonable prices, holding cash, and hedging risks to navigate unpredictability. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, O'Keeffe Stevens Advisory highlighted Corning Incorporated (NYSE:GLW). Corning Incorporated (NYSE:GLW) is a technology company that operates through its Optical Communication, Display Technologies, Environmental Technologies, Specialty Materials, and Life Sciences business segments. On July 27, 2026, Corning Incorporated (NYSE:GLW) closed at $143.36 per share. One-month return of Corning Incorporated (NYSE:GLW) was -43.88%, and its shares gained 131.30% over the past 52 weeks. Corning Incorporated (NYSE:GLW) has a market capitalization of $123.38 billion.
O'Keeffe Stevens Advisory stated the following regarding Corning Incorporated (NYSE:GLW) in its Q2 2026 investor update:
"Qualcomm and Corning Incorporated (NYSE:GLW) both appreciated materially in Q2. We trimmed both positions using a combination of options and stock sales.
Corning appreciated over 20% in Q2. Corning spent the second quarter signing up the biggest names in AI as customers and partners. In May, Nvidia and Corning announced a multiyear commercial and technology partnership under which Corning will increase its U.S. optical connectivity manufacturing capacity tenfold and expand U.S. Fiber production by more than 50%, including three new plants in North Carolina and Texas. Nvidia paid $500 million for rights to Corning shares, including warrants on up to 15 million shares at a $180 exercise price; if exercised in full, Nvidia's total equity investment could reach $3.2 billion. In June, Amazon signed a multiyear, multibillion-dollar agreement for Corning to supply the optical Fiber, cable, and connectivity for its expanding U.S. data centers. These follow the up to $6 billion supply agreement Meta signed in January. Historically, data centers used copper cables to connect their technology, some of which is switching to Fiber. Corning's Fiber may be a future bottleneck. As legacy data centers convert to newer, Fiber-connected racks, Corning contends with new data centers demand

WASHINGTON (AP) — The Trump administration is preparing to ramp up funding by hundreds of millions of dollars for programs designed to counter China's growing influence around the world, after it had put a halt to many of those initiatives last year during a flurry of budget and personnel cuts.
The administration notified Congress late last week that it intends to spend $175.8 million to replace outdated and aging undersea telecommunications cables in the Caribbean and Central America to prevent China from moving in. The ******* ociated Press obtained a copy of the notification on Monday.
The administration has expressed deep concern about China's activities in the Americas, pushing back on Chinese ownership of ports at either end of the Panama Canal, infrastructure projects funded by China's Belt and Road initiative in the region, and Chinese investment in the telecommunications sector.
A State Department official said China's economic activities in the Western Hemisphere pose risks to U.S. national security and prosperity. The official, who was not authorized to speak publicly to the subject and spoke on condition of anonymity, said China's offerings may seem cheaper but in the end wind up being more expensive due to cost overruns, hidden maintenance fees and poor performance.
The underseas cable funding appears to be part of a broader push to restore support for initiatives aimed at blunting Chinese influence globally that would cost many hundreds of millions of dollars more. That is even as President Donald Trump and Chinese leader Xi Jinping put on a show of cooperation and Xi prepares to visit the U.S. this fall.

#administration #millions

Fred Alger Management, an investment management company, released its "Alger Small Cap Focus Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) fueled market optimism in the quarter, driving the Information Technology and Industrials sectors forward while Energy and Utilities lagged due to falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Alger Small Cap Focus Fund's Class A shares outperformed the Russell 2000 Growth Index in the quarter, driven by strong performances in the Industrials and Health Care sectors, while Financials and Consumer Discretionary detracted from the performance. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Small Cap Focus Fund highlighted Credo Technology Group Holding Ltd (NASDAQ:CRDO) as a notable performance contributor. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a US-based semiconductor company that provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. On July 20, 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) closed at $212.07 per share. One-month return of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was -20.23%, and its shares gained 133.50% over the past 52 weeks. Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a market capitalization of $39.55 billion.
Alger Small Cap Focus Fund stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its Q2 2026 investor update:
"Credo Technology Group Holding Ltd (NASDAQ:CRDO) provides high-speed connectivity solutions used to move data across AI data centers and hyperscale networks, including active electrical cables, optical digital signal processors, and PCIe retimers. As AI systems become larger and more complex, the need to move data quickly and efficiently between servers, GPUs, and networking equipment has become increasingly important. We believe Credo benefits from this growing connectivity challenge, with an expanding product portfolio that gives the company multiple opportunities to support next-generation data center architectures. During the quarter, shares contributed positively to performance as investors responded favorably to the company's rapid revenue growth and rising demand from hyperscale customers. Investor sentiment was further supported by the view that Credo's expanding product portfolio and recent silicon photonics capabilities could help the company remain well aligned with the evolving connectivity needs of AI da

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the best performing AI stocks over the last 3 years, with a 3Y CAGR of 153%. On July 6, William Blair **** yst Sebastien Naji named Credo his top semiconductor pick for the next six months. That followed several constructive June calls. Evercore ISI **** yst Mark Lipacis initiated coverage on June 22 with an Outperform rating and a $325 target, describing Credo as an AI-connectivity leader moving from a mainly copper portfolio toward a combined copper-and-optical offering.
The same day, Stifel **** yst Tore Svanberg maintained a Buy rating and raised his target to $350 from $250 after management meetings, citing the company's vertically integrated, system-level approach across both technologies. Bank of America kept Buy on June 26. The common thread is that larger AI clusters require more high-speed, energy-efficient connections. Credo's active electrical cables, digital signal processors and optical products address that need. Risks include customer concentration, rapid interface transitions, and expectations that already **** ume substantial growth.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) provides high-speed connectivity solutions, including active electrical cables, digital signal processors, retimers, SerDes chiplets, and optical components for hyperscale, cloud, and AI networks.
While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Norway boss Stale Solbakken believes the overhead wires deserve an ******* ist for England’s equaliser as the ball dropped down “straight from heaven” despite FIFA’s ball sensor showing no contact.
Jude Bellingham’s brace secured a 2-1 quarter-final victory that went to extra-time in hot and humid Miami, where Andreas Schjelderup’s cross-shot had given the Scandinavians the lead.
Bellingham cancelled out the opener with a smart finish in first-half stoppage-time, with England breaking quickly after Orjan Nyland’s goal kick was cut out.
The ball appeared to hit one of the overhead TV cables, but FIFA says the chip in the ball did not record anything.
A statement from the governing body read: “Before England’s goal in minute 45+2 against Norway, the sensor in the connected ball showed no peak in the ‘heartbeat of the ball’ when in the air, and therefore no evidence that the ball touched the overhead wire and changed the movement of the ball.”

MIAMI GARDENS, Fla. (AP) — A goal kick appeared to clip a cable over the field late in the first half of the England-Norway match in the World Cup quarterfinals on Saturday, shortly before England's Jude Bellingham scored the tying goal.
By rule, if the ball had been noticed hitting the cable, play would have stopped and a drop ball would have been utilized to determine possession.
But in this case, play was not interrupted and it was not known if the video ****** istant referee, Jerome Brisard, reviewed the play. Brisard was also in the VAR role for the Argentina-Egypt match in the quarterfinals, one where Argentina rallied to win 3-2 and Egypt complained that officiating was unfair.
Norway goalkeeper Orjan Nyland took the kick to start the play in question Saturday, which was controlled by England seconds after the trajectory of the ball changed, suggesting it brushed one of the cables used to suspend a robotically controlled camera. The ball was eventually played to Bellingham, who beat Nyland with a low shot to the far post.
Nyland slapped the turf in frustration and he, Norway star striker Erling Haaland and coach Stale Solbakken had words for referee Clement Turpin of France after the play and going into halftime.

It's Thursday, 2 p.m., and do you know where the Nasdaq is?
It's up a respectable 1.2% -- but the Direxion Daily Semiconductor Bull 3X Shares ETF (NYSEMKT: SOXL) is up much, much more, surging past 14.1% on some billion-dollar-plus news items in semiconductors today.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The first news comes from Micron (NASDAQ: MU) stock, which is surging nearly 8% after announcing it's investing up to $3 billion "to strengthen the U.S. semiconductor supply chain ecosystem," including by loaning GlobalWafers Co., Ltd. $500 million to help build its 300mm raw silicon wafer manufacturing facility in Sherman, Tex., and its signing a 10-year deal to buy the wafers GlobalWafers churns out.
In related news, Reuters is reporting that Meta Platforms (NASDAQ: META) has signed a multi-year supply agreement to source NAND flash memory for its data centers from Sandisk (NASDAQ: SNDK), and is also buying DRAM from Samsung, and fiber optic cables from Sumitomo Electric, and Iris artificial intelligence chips from Taiwan Semiconductor Manufacturing (NYSE: TSM) -- with Broadcom (NASDAQ: AVGO) doing the chip design work.

Tower Semiconductor Ltd. (NASDAQ:TSEM) is one of the top stocks to buy according to Whale Rock Capital Management. On June 18, Tower Semiconductor Ltd. (NASDAQ:TSEM) announced that it has shipped more than five million coherent photonic integrated circuits (PICs) to global customers of its partner Marvell Technology.
These chips are used in coherent optical transceivers, which are specialized components that transmit data over fiber optic cables. According to Tower, these components are increasingly needed to link data centers as AI computing drives up demand for network bandwidth and speed. It added that coherent PICs are harder to build than simpler chip types because they must precisely control both the phase and polarization of light. Tower has been working with Marvell to push this technology forward, including combining silicon with other specialized materials, stacking electronic components in three dimensions, and using an advanced packaging method known as V-Grooves to improve how light is guided through the chip.
Dr. Ed Preisler, who leads Tower's RF Business Unit, said the company's photonics manufacturing platforms need to keep evolving alongside the requirements of coherent optical transceivers, and that Tower is proud of its partnership with Marvell in this area.
For Dr. Radha Nagarajan, Marvell's chief technology officer for optical engineering, the shipment is a milestone that proves the strength of the two companies' collaboration. Nagarajan added that Marvell intends to keep working with Tower to develop next-generation coherent technology suited to large-scale data center networks.
Tower Semiconductor Ltd. (NASDAQ:TSEM) is a specialized semiconductor foundry. It provides technology, development, and process platforms for integrated circuits, including SiPho, SiGe, CMOS image sensor, RF CMOS, mixed signal CMOS, non-imaging sensors, and integrated power management technologies.

One week after a couple illegally climbed to the top of the Empire State Building, another daredevil was spotted in New York scaling the Brooklyn Bridge and walking across the steel suspension cables. A group of police officers climbed up the cables to bring him down safely and he was arrested.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the stocks with rising earnings estimates and fresh catalysts.
The stock has 15 upward EPS revisions and no downward revisions for the upcoming fiscal year over the last three months, while revenue estimates show 14 upward revisions and no downward revisions. That gives Credo one of the cleaner revision profiles in the group, even if its raw revision count is smaller than the larger AI infrastructure names.
On June 1, Credo reported fiscal fourth-quarter revenue of $437 million, up 157% year over year, and guided current-quarter revenue above ******* yst expectations. The catalyst is the company's deeper role in AI data-center connectivity, where active electrical cables, optical transceivers, DSPs, and retimers help improve cluster reliability and GPU utilization. Credo also completed its DustPhotonics acquisition on May 28, bringing silicon photonics technology in-house and expanding its optical interconnect roadmap across 800G, 1.6T, and future platforms. That gives the estimate story a product and integration angle, not just a hot-sector halo.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) develops high-speed connectivity products used in data centers, including active electrical cables, optical transceivers, retimers, and signal-processing chips.
While we acknowledge the risk and potential of CRDO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRDO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

We just covered Avoid ******* eX and Buy These 11 Stocks Instead. Nokia (NYSE:NOK) ranks #5 (see Avoid ******* eX and Buy These 5 Stocks Instead).
Number of Hedge Fund Investors: 66
Redditors are saying Nokia (NYSE:NOK) should not be seen as an old-school telecom equipment company hanging on for dear life. It has transformed. Nokia is emerging as a serious player in AI infrastructure. That's the real story that Wall Street is still catching up on.
In Q1 2026, Nokia's AI and cloud sales jumped 49% year over year. This segment now accounts for about 8% of Nokia's (NYSE:NOK) total revenue. In just the first quarter, Nokia pulled in €1 billion in AI and cloud orders. Those are firm purchase orders with real delivery dates from real customers. The order backlog is so big that lead times are running 12 to 18 months. Demand is crushing what the company can supply right now.
But what exactly is Nokia (NYSE:NOK) making for AI? Here's what matters. Nokia makes optical networking equipment. When hyperscalers build massive data centers, they need to connect all those servers together with super-fast fiber optic cables. Nokia makes the equipment that puts data onto those cables and pulls it off. It's called coherent optical technology. This equipment lets data move really fast and really efficiently between data centers and inside data centers.

By Abhirami G
July 2 (Reuters) - A consortium including Microsoft and telecom startup Lightstorm plans to build a new undersea cable linking India ‌with Malaysia and Singapore as technology firms compete to expand AI ‌and cloud infrastructure in India, one of the world's fastest-growing data markets.
The consortium, whose other members include Tata Communications, Singapore Telecommunications, Singapore's ASEAN Cableship and ***** an's NEC Corporation, will construct the I-2SEA cable to support AI, cloud and hyperscale workloads, the companies said on Thursday.
They did not provide additional details including the investment size.
The ‌network will span 3,600 km ⁠and have landing stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where Meta and Alphabet have ⁠announced data centers.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the top trending US stocks to buy now. Stifel lifted the price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $350 from $250 on June 22 and maintained a Buy rating on the shares. The firm reported that, after hosting CEO Bill Brennan and CFO Dan Fleming for two days of meetings, it concluded that management's message centered on a vertically integrated, system-level approach across both copper and optical connectivity.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) also received a rating update from Evercore ISI the same day. The firm initiated coverage of the stock with an Outperform rating and set a price target of $325. It told investors that it senses that while the company is viewed as a copper-based AI-connectivity play, the firm believes that the company will be increasingly viewed as a broad copper plus optical AI-connectivity play as it executes its optical roadmap. Evercore further stated that near term, it models 100% and 60% growth for its AEC solutions in calendar year 2026 and 2027, respectively, and longer term, it models $13-plus in 2028 EPS, 40% higher than Street estimates.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) develops connectivity solutions and products for the data infrastructure market, with its products including integrated circuits, active electrical cables, and SerDes chiplets.
While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the top trending US stocks to buy now. Stifel lifted the price target on Credo Technology Group Holding Ltd (NASDAQ:CRDO) to $350 from $250 on June 22 and maintained a Buy rating on the shares. The firm reported that, after hosting CEO Bill Brennan and CFO Dan Fleming for two days of meetings, it concluded that management's message centered on a vertically integrated, system-level approach across both copper and optical connectivity.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) also received a rating update from Evercore ISI the same day. The firm initiated coverage of the stock with an Outperform rating and set a price target of $325. It told investors that it senses that while the company is viewed as a copper-based AI-connectivity play, the firm believes that the company will be increasingly viewed as a broad copper plus optical AI-connectivity play as it executes its optical roadmap. Evercore further stated that near term, it models 100% and 60% growth for its AEC solutions in calendar year 2026 and 2027, respectively, and longer term, it models $13-plus in 2028 EPS, 40% higher than Street estimates.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) develops connectivity solutions and products for the data infrastructure market, with its products including integrated circuits, active electrical cables, and SerDes chiplets.
While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Credo Tech (NASDAQ:CRDO) is one of the 15 AI Stocks ****** ysts Are Watching: Microsoft, Nvidia, and More.
On June 22, Evercore ISI ****** yst Mark Lipacis initiates coverage on Credo Tech (NASDAQ:CRDO) with an Outperform rating and a $325 price target. ****** ysts at the firm believe that Credo could increasingly benefit from growth in optical connectivity.
Currently, it is mostly known for its copper-based AI connectivity products because it created the active electric cable, or AEC, interconnect standard and developed a reliable full system solution combing both whole cable and chips instead of just chips.
However, we believe it will be increasingly viewed as a broad copper + optical AI-connectivity play as it prosecutes its optical roadmap, which includes optical DSPs, Silicon Photonics ICs, microLED cables and most importantly its ZFOptics modules, where consistent with its AEC playbook, it is also taking a systems approach.
The firm believes that Credo's current total addressable market of roughly $5 billion to $10 billion could expand by 10 to 20 times due to its product roadmap. The firm models 100% and 60% growth for its AEC solutions during 2026 and 2027. Meanwhile, it believes that CRDO's optical portfolio could accelerate and contribute up to 25% of revenues in 2027.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best up and coming stocks to buy for the next 3 years. On June 1, Credo Technology Group reported strong FQ4 and full-year fiscal 2026 results, with annual revenue more than tripling to $1.3 billion. FQ4 revenue reached $437.0 million, a 157.0% increase year-over-year, while non-GAAP net income for the fiscal year grew more than fivefold to $662 million. The company concluded the fiscal year with a solid balance sheet, holding $1.4 billion in cash and short-term investments.
CEO Bill Brennan credited this performance to the company's vertically integrated approach, which helps data center customers improve network reliability, maximize GPU utilization, and lower infrastructure power costs. Credo remains focused on maintaining this momentum as it enters fiscal 2027, continuing to provide connectivity solutions that accelerate cluster performance.
Looking ahead to FQ1 2027, the company expects revenue to fall between $465.0 million and $475.0 million. Credo Technology Group Holding Ltd. (NASDAQ:CRDO) projects non-GAAP gross margins to remain steady in the 67.0% to 69.0% range, while non-GAAP operating expenses are anticipated to be between $86.0 million and $90.0 million.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO) develops high-speed connectivity products and solutions for the data infra market (specifically optical and electrical Ethernet and PCIe applications), including SerDes chiplets, integrated circuits, and electrical cables. The company is based in George Town, Cayman Islands and was founded on 2008 by Chi Fung Cheng and Yat Tung Lam.
While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.