Ben Bajarin bullish on Credo: DustPhotonics deal and vertical integration undervalued by market
BenBajarin · x · 2026-09-16
Ben Bajarin publishes a paid report on Credo ($CRDO), arguing vertically integrated companies hold more durable advantages and the market undervalues what DustPhotonics adds: as interconnect designs move toward NPO, CPO and scale-in, Credo will control the photonic chip alongside its own SerDes, optical DSP and firmware. The report weighs linear optics/CPO disruption scenarios and what growth and cash margins would justify the valuation.
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