On September 2, Michael Genovese from Rosenblatt Securities reiterated his Neutral rating for Credo Technology Group Holding Ltd (NASDAQ:CRDO). The **** yst increased his price target for the stock from $215 to $235, which implies upside potential of almost 38% as of September 4 closing. Genovese's upward adjustment in price target in based on the company's recently announced Q1 FY27 results, leading him to increase his projections for FY27 and FY28. Despite that, he has a Neutral stance because he still wants more visibility around the company's ZeroFlap Optical Transceivers proof points, as well as the incremental revenues from its acquisition of Dust Photonics in May.
Photo by Yogesh Phuyal on Unsplash
Credo's acquisition of DustPhotonics gives it a vertically integrated connectivity stack covering DSP, silicon photonics, SerDes and system integration. This allows the company to tap into both optical and electrical interconnects across the entire AI infrastructure buildout. Together with its optical DSPs and ZeroFlap transceivers, the deal is expected to be a key growth driver in FY27, supported by resilient hyperscale customer sentiment.
Following the DustPhotonics transaction, Credo reported a strong first quarter for FY27. Topline of $479 million jumped 115% compared to Q1 in FY26. Adjusted non-GAAP net income of $236.3 million was up 140% year-over-year, as the company broadens its connectivity portfolio stack. It now spans copper and optical solutions, ranging from millimeters to kilometers, which enables Credo to meet the scaling needs of AI infrastructure with energy-efficient and reliable products.
For FY27, Credo expects a strong inflection with optical revenues expected to exceed $600 million. Management projects contributions over $100 million each from silicon photonics, ZeroFlap optics, and optical DSPs. Full-year revenue growth is expected to be over 85% year-over-year. Adjusted gross margins are likely to remain consistent with fiscal 2026 levels, along with adjusted net margins of around 50%.

#expected

BEIJING, Aug 7 - Multiple districts in Beijing issued heavy rainfall warnings on Friday evening with authorities ‌warning residents of disasters including floods in the ‌city centre and also mudslides and landslides in agricultural and mountainous areas.
• The extreme rains come as China readies for Typhoon Dolphin, which is expected to make landfall along the country's eastern coast from Sunday to Monday.
• Beijing's Dongcheng, Xicheng, Haidian, Chaoyang, ‌Tongzhou and Pinggu ⁠districts all issued heavy rain warnings expecting hourly rainfall to exceed 50 millimeters.
• The highest ⁠rainfall occurred in Miyun district in northeast Beijing on Friday afternoon where precipitation reached 99.5 millimeters.
• Authorities said they have deployed more than 2,000 staff to help with the flooding around ‌Beijing.

#districts #issued #millimeters

EAST RUTHERFORD, N,.J. (AP) — Even the field for the World Cup final is for sale.
FIFA, accused of charging high prices for this year's tournament in the United States, is selling the grass that will be used for the July 19 final at MetLife Stadium in New Jersey at $450 per piece.
FIFA's store says each segment of turf is 17.5 by 17.5 by 17.5, although it doesn't specify whether that figure is inches, centimeters or millimeters. Soccer's governing body did not immediately respond to an email requesting detail of the dimensions.
"Own a genuine piece of football history with an authentic 2026 FIFA World Cup Piece of the pitch, permanently preserved in a premium acrylic with a USB keepsake," the website says. "Each piece contains an original fragment of the iconic Final playing surface, making it a unique collectible that celebrates one of the world's greatest sporting events."
FIFA said "the acrylic USB features an authenticity film, while offering a sleek, contemporary display piece. Presented in a premium hinged shoulder box with striking spot UV detailing, this exclusive item is designed for collectors, fans, and football enthusiasts alike."

When massive 9.0 magnitude earthquake shook **** an on March 11, 2011, the ground also made a more lasting move. About 15 minutes after the event began at 2:46 p.m. local time, nearly the entire country shifted eastward, according to GPS station measurements.
The lurch was small — 5 to 6 millimeters, or 0.20 to 0.24 inches — but permanent and at the time went largely unnoticed or was passed off as a data glitch. However, University of Chicago geophysicist Sunyoung Park felt the recorded signals that indicated a shift pointed to something tangible. In fact, the ground movement reflected an "extraordinary" and previously undocumented seismic phenomenon, according to a new study.
"What was unusual about this movement is basically the whole of **** an was moving nearly uniformly at the same time," said Park, who led the research.
She added that the movement, which affected mainland **** an — Hokkaido to Kyushu — an area approximately 1,800 miles (3,000 kilometers) in length, did not match the timing of the initial earthquake, and it happened before any significant aftershocks.
After years of **** yzing GPS and seismic data, Park and her colleagues found that waves from the earthquake had traveled down to Earth's core and then rebounded to the crust, displacing four major tectonic plates.

Max Verstappen might have salvaged a brilliant P2 grid slot for Sunday’s Monaco Grand Prix, but his post-qualifying debrief exposed a far more alarming reality for the reigning world champions. Missing out on the top spot by a razor-thin 0.043 seconds to Mercedes’ Kimi Antonelli is a razor-thin margin, but the real story hiding behind that front-row start is a fundamental lack of confidence between the driver and his machinery.
While the raw result looks great on paper—especially given how chaotic the morning went—Verstappen pulled back the curtain on a deeply temperamental Red Bull chassis that is currently walking a terrifyingly thin tightrope.
Red Bull spent the morning session completely lost at sea, with Verstappen openly struggling to find any consistency during FP3. While last-minute setup alterations managed to salvage enough compliance to thrust him right into the pole fight, Verstappen bluntly admitted that the car’s operational window has become a massive psychological hazard.
“Our car is still, when it’s like a little bit out, it becomes that complicated that you can’t trust it anymore,” Verstappen confessed, laying bare the severe handling flaws of his current package. “And it’s like sliding around, and it’s just not giving you the grip. If you then bring it into a window that works, it seems like, yeah, you pick up a lot of pace around here.”
In Monaco, where drivers need to confidently skim their tires millimeters away from concrete barriers at high speed, driving a car that instantly revokes its grip when it falls slightly out of its ideal sweet spot is a recipe for a massive accident. Verstappen candidly admitted he was “a bit surprised” to even be fighting for the front row, given how disconnected the car felt earlier in the day.

In early November, a massive storm hit farmers and residents in the Great Southern and Wheatbelt regions of Australia. Unfortunately, the damage to crops, roads, and buildings has been extensive.
According to the Australian Broadcasting Corporation, heavy rainfall and hail caused extensive flooding and damage across multiple towns. Farmers, in particular, faced partial or total crop loss, interrupting the grain harvest.
Some towns reported over 100 millimeters of rainfall during the "unbelievable" storm. Meanwhile, farmer Murray Hall was on the road at the time and wondered whether the large

Echoing a familiar fate shared by many farmers globally this year, grape farmers in India have projected at least a 50% decline in grape production due to adverse weather, the Times of India reported.
The Maharashtra region, one of India's largest grape-producing states, experienced a wetter-than-average monsoon season this year. Since June, Maharashtra has received 996.7 millimeters, or about 39 inches, of rain this monsoon season, which is 104% above average, according to a Humanitarian Aid International fact sheet.
The excessive rainfall has submerged 94 villages across 7 blocks, impacted