BNP Paribas analysts state Credo Technology Group is a key beneficiary of the artificial intelligence buildout. Credo supplies crucial copper and optical interconnects for backend and frontend networks. These interconnects are essential for scaling AI infrastructure.
New product lines expand Credo's total addressable market to over $10 billion. This represents a threefold increase from 18 months prior. Credo's customer base diversifies, now including five of the six major hyperscalers. BNP Paribas projects emerging "neocloud" companies could eventually account for 20% of sales.