“Wednesday's First Moves: GTLB Surges, CRDO & MDB Fall on Earnings”
CRDO stock is falling due to margin compression and high valuation despite revenue growth.
How about we have Credo Technology? That one's down. >> Yeah, that one is also down despite an earnings beat here and this is another one where expectations were higher going into its results.
So the bar is high especially about connectivity. This is a part of the picks and shovels story here. So, Credo shares down 11 12% right now. Um, again, investors were just looking for more.
And then there's also the question about uh margins here.