#credo technology Tech News.
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Credo Technology Group's Active Electrical Cables handle GPU interconnects in AI data centers at lower power and higher reliability than alternatives. The cables, known as purple cables, are used by Microsoft Amazon and xAI with each representing a significant revenue share. A fourth hyperscaler is approaching 10% revenue threshold by fiscal 2026. Credo's CEO received a performance stock award with revenue milestones of $2.5 billion to $7.5 billion and stock price targets of $244.70 to $489.40 vesting through 2031.
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